New York City is jumping into bed with two co-living firms to build affordable housing. The city’s Department of Housing Preservation and Development said Tuesday it will work with Common and Atlanta-based PadSplit — along with each firm’s development partner — to create co-living units. The announcement is the result of a pilot program HPD launched last year, dubbed ShareNYC, offering developers public funds to create income-restricted units in co-living buildings. HPD selected three proposals
source https://therealdeal.com/2019/10/09/nyc-is-banking-on-common-to-deliver-affordable-beds/
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