PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

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Wednesday, February 20, 2013

Who Should Affordable Housing Help?

The NY Times asks whether affordable housing rules should be set up to help the very poorest or the lower  middle class:

[A] new report ... found about two-thirds of the city’s recently developed affordable housing required occupants to have minimum income levels that were higher than the median household income in the areas where the housing was built.s an example, the report looked at a building in Highbridge, a poor section of the Bronx where the median income is $26,140, that advertised for tenants earning considerably more: between $29,931 and $53,800 to qualify for a studio, and $37,680 and $61,400 for a one-bedroom.

The notion of affordable housing that is too expensive may seem counterintuitive, but city housing officials say their efforts have focused, in particular, on an underserved population of New Yorkers who struggle to make ends meet but earn too much to qualify for public housing and other government assistance. That has helped a broad section of the city’s workers survive in a rental market that is among the most expensive in the nation.

Steve Clowney

http://lawprofessors.typepad.com/property/2013/02/who-should-affordable-housing-help.html

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