Bloomberg's Housing Plan Gains, Loses
15 October 2009 - 2:00pm
Despite the NYC Mayor's progress in preserving or creating affordable housing, overall the city has seen net losses.
"The shrinking supply of these apartments, highlighted by researchers at New York University, illustrates not only the increasing strain that housing costs have had on this city of renters, but also the limits of the mayor’s success in providing the city’s poor with reasonable places to live. While the mayor’s plan has put thousands of low-income families in new or rehabilitated buildings and helped stabilize neighborhoods, it has been nearly drowned out by the twin waves of gentrification and rent deregulation."
Source:
The New York Times, October 14, 2009
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Maybe we should blame Thomas Jefferson. He was the godfather of the urban sprawl racket in America.
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