silive
5 months agoEast Bay real estate
NYC launches new initiative to bring low-cost housing to wealthier areas
New York City's housing crisis is being addressed through the Mixed Income Market Initiative, which will provide city subsidies to development projects that include homes for a wide range of household incomes.
Projects selected for the initiative must be 70% affordable and 30% market rate, and include a mix of housing options such as homeless-set aside units and supportive housing units. [ more ]