Proposed State 'Social Housing' Authority Would Build Affordable Homes Outside the Private Market
Briefly

from City Limits2 months ago
Albany saw the unveiling of a proposal on Tuesday by State Sen. Cordell Cleare and Assemblymember Emily Gallagher to help create thousands of affordable, union-built homes across the state-through a publicly-funded entity focused on social housing models.
City Limitshttps://citylimits.org/2024/02/07/proposed-state-social-housing-authority-would-build-affordable-homes-outside-the-private-market/
The lawmakers' proposed Social Housing Development Authority (SHDA) would aim to create 26,000 affordable homes using union labor, funded in part by an initial $5 billion dollar injection from New York's budget and the issuance of bonds.
City Limitshttps://citylimits.org/2024/02/07/proposed-state-social-housing-authority-would-build-affordable-homes-outside-the-private-market/
"Housing is infrastructure," said Assembly sponsor Gallagher, who expressed the need for the state to take a more direct role in residential development.
City Limitshttps://citylimits.org/2024/02/07/proposed-state-social-housing-authority-would-build-affordable-homes-outside-the-private-market/
Read at City Limits
#social-housing #affordable-housing #new-york #public-development #housing-authority
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