Wednesday 27 May 2020

Developers fume over city plan to cut affordable housing spending

Affordable housing developers are pushing back on Mayor Bill de Blasio’s plans to cut the budget for housing. The developers say their projects are on hold and may fall through entirely as a result, according to Politico. Others say the cuts and delays may prompt some developers to steer clear of future affordable housing projects. And a petition started by the New York Housing Conference asking de Blasio to undo the cuts has garnered 87



source https://therealdeal.com/2020/05/27/developers-fume-over-city-plan-to-cut-affordable-housing-spending/

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