Small Towns Look To Keep Young Professionals By Increasing Affordable Housing

County officials in New York are looking to award more than $87 million to small towns to increase their stock of affordable housing -- an effort aimed at luring and keeping young professionals. But opposition to this development type is a hurdle.

1 minute read

December 11, 2007, 7:00 AM PST

By Nate Berg

"The law, if enacted, would give cash to local governments based on the number of affordable homes or units built over the next five years. It would also reimburse local schools for taking on any extra students introduced by new affordable development, and provide zero-interest infrastructure loans for improvements like road paving or sewer expansion."

"Yet critics of the proposal say it fails to address the real reason that affordable housing isn't being built: local opposition to just the kinds of developments most often proposed, in which homes are clustered into attached two-family units or multistoried buildings."

FULL STORY: A New Push for Affordability

Sunday, December 9, 2007 in The New York Times

Government / Politics Housing New York

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