The Traderszone Network

Published in TZ Latest News 6 March, 2017 by The TZ Newswire Staff

How one tweak to affordable housing policy could make a big difference for developers

The federal formula used to determine affordable housing requirements in New York City actually includes income statistics from Westchester, Rockland and Putnam counties, and critics say it’s helping put affordable housing out of reach for scores of city residents. But there’s another approach that may be gaining momentum, and proponents think it might make building affordable housing a more attractive prospect for developers.

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