New York To Build Affordable Housing For Educators

The development of more than 200 units of affordable housing intended for teachers and public school officials has been announced in the South Bronx.

"Two apartment buildings slated for construction in the South Bronx will provide affordable homes for teachers, administrators and aides, officials announced yesterday."

"The 234 units, financed through a $28 million bond bought by the Teachers' Retirement System, are designed to retain educators who can't afford steep New York City rents."

"City Controller William Thompson, whose office oversaw the financing, said the program could be replicated for other professions, such as police officers and firefighters."

"'We'll expect to see other instances in the future of housing for municipal workers,' he said."

"Rents will range from $806 for a studio to $1,412 for a three-bedroom. To be eligible, educators can earn up to 110% of the area's median income, which is $76,000 for a family of four, officials said."

Thanks to Real Estate Rama

Full Story: City woos educators with Bronx housing plan


Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95

A Short History of America

From comic book artist Robert Crumb, poster shows how the built environment has changed throughout the decades.