NYC launches program to help developers finance new affordable rental developments

… A new program aims to increase affordable housing development across New York City through … qualify for the program a projects affordable units must be rentstabilized for at least 30 years Rents need to be set at … apartment for example Plus a quarter of the rentrestricted apartments must be reserved for extremely low or very …

By Celia Young |January 8, 2024 - 11:00AM