NYC Affordable Housing Crisis: $1B Aid Urgently Needed to Prevent Wave of Defaults
Rising Costs Outpace Rent Caps New York City’s affordable housing system is under severe financial strain, with landlords warning that without $1 billion in emergency support, widespread defaults could destabilize the sector. The New York Housing Conference reports that tens of thousands of the city’s 213,000 affordable units are now at risk. Rent increases have […]
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