Housing Issues

Vote for 6sqft's 2024 Building of the Year!

11 perfect gifts for New Yorkers who live in small apartments

Paul Newman's Fifth Avenue co-op is on the market for $10M

NYC on track to build just 11,000 homes this year, half of 2022 total, report finds

Brooklyn Point in Downtown Brooklyn offers 421-a benefits through 2045; Rendering by Williams New York.

October 19, 2023

NYC on track to build just 11,000 homes this year, half of 2022 total, report finds

By Aaron Ginsburg

New York City will build just 11,000 new units of housing this year, a sharp decline from the year before and way below the number of homes needed to address the city's current housing crisis. According to a report released Wednesday by the NY Building Congress, construction of new residential units dropped by 62 percent in 2023, due to the expiration of the 421-a tax abatement in combination with high interest rates.
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December 10, 2015

Affordable Housing Coalition Proposes $4B NY State Budget to Address Housing Crisis

By Dana Schulz

According to a press release put out today, an affordable housing coalition of ten groups has proposed a five-year, $4 billion capital plan to address the housing crisis in New York. As Governor Cuomo and the state legislature begin the 2016 legislative session, the group hopes that the plan, proposed for 2017-2021, can combat the fact that "more than half of statewide renters pay over 30 percent of income on housing costs, and more than 80,000 people are homeless across the state." Specific to the city, the plan wants to close the NYCHA funding gap and increase senior housing.
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August 4, 2014

Mythbusters: Shedding Light on 80/20 Affordable Housing and ‘Poor Doors’

By Lauren Price

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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Vote for 6sqft's 2024 Building of the Year!

11 perfect gifts for New Yorkers who live in small apartments

Paul Newman's Fifth Avenue co-op is on the market for $10M

NYC on track to build just 11,000 homes this year, half of 2022 total, report finds

Affordable Housing Coalition Proposes $4B NY State Budget to Address Housing Crisis

Mythbusters: Shedding Light on 80/20 Affordable Housing and ‘Poor Doors’

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