Two Affordable Housing Buildings Were Planned. Only One Went Up. What Happened? - The New York Times

New York City is dealing with its worst housing shortage in decades. The diverging fates of two developments offer a window into the crisis.

By Mihir Zaveri , Eden Weingart , Rebecca Lieberman and June Kim Mihir Zaveri also wrote a five-part newsletter, The Housing Crunch , on the affordable housing crisis in New York City. Nov. 19, 2024 It is an idea that many point to as a solution for New York City’s worst housing shortage in over 50 years: Build more homes. More people keep deciding they want to live in the city — and the number of new homes hasn’t kept pace. Residents compete over the limited number of apartments, which pushes rents up to stratospheric levels. Many people then choose to leave instead of pay those prices . So w

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