They were built 70 years ago in a neighborhood that wasn’t (and still isn’t) prime in Manhattan (relative). NYC is an interesting case in affordable housing but it’s also ridiculously competitive and certainly not the most fair….

Also, the Fane Tower’s location is prime. It’s like the equivalent of Upper West Side - walkable to midtown and Central Park views??not equivalent to the Lower East Side circa 1950s. NYC is a terrible example. Lol