Submitted by space_______kat t3_z1i53n in nyc
Head_Acanthisitta256 t1_ixdt4av wrote
Reply to comment by KaiDaiz in Won Greenlights 3,200-Unit Astoria Development, Paving Way for Council Approval by space_______kat
The same exact thing happened with the Hudson Yards development. There was supposed to be “affordable housing” units set aside and that hasn’t materialized at all. At this rate it probably won’t.
KaiDaiz t1_ixdurjz wrote
well setting aside housing for folks that make minimum wage in one of the higher desirable areas be it Hudson Yard or Astoria was unfeasible and ill plan. What should happen is make those "affordable" units to 100% accept/priority for section 8 housing. That way if one makes min wage, they still qualify for section 8 vouchers to to pay the market rate of those new dev housing units.
Owners get to rent their housing at market rate. Min wages get to rent market rate with vouchers. More units accept section 8 vouchers. Win for all cept city who has to pay the voucher.
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