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Preservation of existing affordable housing.
The firm has exceptional expertise with devising sophisticated financial structures to rehabilitate existing affordable housing structures.
Last week, the housing development association issued new data indicating where existing affordable housing had disappeared or was threatened.
That includes fighting hard not only to protect our existing affordable housing but also to continue to create new affordable housing across New York.
"But to take existing affordable housing off the market, it just seems like it's an agency solving its own problem, but not solving the city's problem".
"It's usually much more efficient and much cheaper to preserve an existing affordable unit than to have to rehabilitate or build a new one," Ms. Been said.
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Under the existing law, affordable units go to the market rate after 30 years.
Money spoke, however, leading to the loss of some existing (genuinely) affordable homes, and the plonking down of corporate headquarters.
In addition to stronger policies to preserve existing naturally affordable housing, increased subsidized housing production is key to protect even a small portion of the low-income community in the Mission from displacement.
If one person has an existing condition, obtaining affordable health care coverage is often difficult or impossible.
But, Mr. Akeley added, the expansion could exacerbate the existing shortage of affordable housing for low-wage workers.
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