80/20

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affordable housing, apartment living 101, Features, More Top Stories, NYC Guides, Policy, renting 101

NYC affordable housing

Photo via Wiki Commons

Affordable housing is one of the hottest topics in the real estate market these days. It all started with Mayor de Blasio’s plan to preserve or build 300,000 affordable units by 2026, which has resulted in a slew of new lotteries, a recent update to the lottery policy to ease the process for immigrants and low-income New Yorkers, and a record number of affordable homes for seniors and homeless New Yorkers. But the topic is not without its issues, with many still wondering if the city is doing enough for affordability and if some of these units are really affordable. Whatever your opinion, there’s no doubt that affordable housing in NYC can get quite confusing. Ahead, 6sqft breaks down the different types of programs, how you can qualify and apply, and what happens if and when you get in.

Everything you need to know about affordable housing

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Features, opinion, real estate trends

There’s been lots of chatter on the street and in the media on the subject of “poor doors” in new developments for those who have qualified for affordable housing. And though this subject has created quite a bit of controversy, it’s actually not quite what it seems. Rather than being outraged that our city allows real estate developers to “discriminate” against those who could never consider paying for the privilege of residing in their latest and greatest luxury building, naysayers should think about reading up on exactly what affordable housing is and isn’t—“rich” home seekers having an edge over the so-called “poor.”

We look at 80/20 and the ‘poor door’ controversy here

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