fromCity Limits
1 day agoOpinion: Creative Public-Private Partnerships Can Help Tackle NYC's Housing Shortage
To address the housing shortage, the city should make it cheaper for landlords to build new units. A public-private partnership where the city builds the shells of new apartment buildings and leases the interiors to landlords, who in turn develop and rent them to tenants, can increase supply and lower rents. Some estimate that the city needs 500,000 more housing units by 2032 to keep up with demand. Rental prices are skyrocketing because of this high demand and limited supply.
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