Affordable housing is a national crisis, and New York is not immune to the growing challenge as land prices and competition continue to soar. Developers are trying to find solutions through creative repositioning, and the current tax incentive landscape is putting added pressure on local authorities to increase their affordable housing efforts. As an example, in November, New York City announced it was handing off the repairs and redevelopment efforts of 62,000 public housing units to private developers. How developers secure capital and navigate the complex land-use regulatory environment is nothing short of impressive. But how can the CRE community start to solve this crisis? Find out how at Bisnow's NYC Affordable Housing Summit!
For more information: Bisnow: NYC Affordable Housing Summit 2019