New York City built just 19 housing units for every 100 new jobs from 2010 to 2018, a new report shows. The disparity between housing and job growth is caused in part by low-density zoning throughout the city, a paucity of sites which do not require political approval for projects and a property tax system that penalizes multifamily properties, according to the report. The analysis, by the Citizens Budget Commission, also pointed to restrictions on
source https://therealdeal.com/2020/08/26/jobs-outpaced-housing-pushing-prices-up-report/
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