Affordability remains elusive in New York City

04/15/2013 | New York Times (tiered subscription model), The

The struggle to build and maintain affordable housing persists in New York City. Mayor Michael Bloomberg's housing initiative led to the development of 38,670 new units from 2009 to 2011, but an advocacy group found that only a third are affordable for residents earning the median income for their neighborhoods. As new affordable units come online, older units drop out of the "affordable" category, says Alex Schwartz, professor of urban planning at the New School.

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New York Times (tiered subscription model), The

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