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He wrapped the legislation into a larger housing bill, and it has now passed the House.
But if cheaper rents emerge from a larger housing stock, that will help social tenants too.
Larger housing developments could help to fund social and affordable homes, particularly in London and the south-east.
But James Wilson, an analyst at JMP Securities, said the results mean "virtually nothing" to the trajectory of the larger housing market.
The city has 120 housing-first beds, but the challenge of locating larger housing projects for homeless people is that neighborhoods resist them.
(Forest City Ratner has provided few details of what the larger housing development will look like, though an architect's model of the arena displays Gehry's signature wavy metallic walls and a roof garden overlooking Flatbush Avenue).
Similar(37)
A similar dynamic may be taking place in the much larger housing-debt market.
We never did get the larger house.
With kids, we need a larger house.
She wanted a larger house, interesting vacations, above all, children.
A new, larger house is under construction in River Oaks.
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