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Affordable Housing Math
futureofcapitalism.com

The New York Times has a news article about the Bloomberg administration in New York City spending $325 million taxpayer dollars ($100 million for land acquisition, $175 million on "a toxic cleanup of the site, a 10-acre park, roads and water and sewer lines," and "$50 million in grants to subsidize the affordable units") on 908 rental apartments in Queens, "at least 685 of which will be set aside for working- and middle-class families earning $32,000 to $130,000 a year."

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Affordable Housing Math
futureofcapitalism.com

The New York Times has a news article about the Bloomberg administration in New York City spending $325 million taxpayer dollars ($100 million for land acquisition, $175 million on "a toxic cleanup of the site, a 10-acre park, roads and water and sewer lines," and "$50 million in grants to subsidize the affordable units") on 908 rental apartments in Queens, "at least 685 of which will be set aside for working- and middle-class families earning $32,000 to $130,000 a year."

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Charles Bagli

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