Strategies for increasing affordability often involved trade-offs between various goals and impacts. It is important to consider all of these factors when evaluating potential solutions to unaffordability.
The 2019 New York City budget includes $106 million to subsidize half the transit fare for qualified residents for six months. The city joins the ranks of Seattle, Toronto, and the Bay Area that offer income-based discounts for transit fares.
As sky-high real estate prices force many lower-income New Yorkers to the periphery, they're paying an additional price in lengthy transit commutes. Meanwhile, real estate interests that benefit from transit investment bear few of its costs.