This is the first I’m hearing of cost rental housing. I live in NY, wondering how that could happen here. Seems like it needs both a funding mechanism and an able and willing developer, both of which we lack currently. But we do have a state assembly member pushing for a new housing authority.
Yes in principle cost rental can be done anywhere. The more expensive land and development costs are, the more difficult it is to make the model work. So NY might struggle in areas of high housing demand. But there might be ways around that too, especially on public land.
This is the first I’m hearing of cost rental housing. I live in NY, wondering how that could happen here. Seems like it needs both a funding mechanism and an able and willing developer, both of which we lack currently. But we do have a state assembly member pushing for a new housing authority.
Yes in principle cost rental can be done anywhere. The more expensive land and development costs are, the more difficult it is to make the model work. So NY might struggle in areas of high housing demand. But there might be ways around that too, especially on public land.