New York City’s affordable housing program is about to take a hit. The $88.1 billion budget deal up for a City Council vote Tuesday night includes a $457 million cut to the Department of Housing Preservation and Development’s next capital budget. Mayor Bill de Blasio on Tuesday morning announced the agreement to balance the budget in face of a $9 billion revenue shortfall. Some City Council members have estimated that the cuts — along with
source https://therealdeal.com/2020/06/30/citys-housing-plan-suffers-major-blow-in-painful-budget/
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