The Association for Neighborhood and Housing Development (ANHD), a nonprofit group that represents middle- and low-income tenant groups, recently published a study, entitled “A Permanent Problem Requires a Permanent Solution: New York City’s Next Affordable Housing Expiring-Use Crisis and the Need for Permanent Affordability.” The study reports that New York City stands to lose nearly 170,000 subsidized rental housing units by 2037 due to expiring rent caps on those units, and recommends that the city imitate other cities by lengthening the affordability requirements on its subsidized housing units. Read more…
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