greenleaf
Senior Member
I couldn't find a thread on this, so I'll start one.
NYC is using 80/20 building projects (that is, 20% of a building contains affordable, market rate and basically rent geared to income housing) to increase their supply of affordable housing. The city often offers more density or tax abatements. I'd love to see Toronto do this.
This article addresses some of the positives and pitfalls in designing them that have come with this process (in particular the luxury buildings, where yes, even some of them have these units): http://www.nytimes.com/2014/08/31/realestate/affordable-housing-in-new-yorks-luxury-buildings.html
NYC is using 80/20 building projects (that is, 20% of a building contains affordable, market rate and basically rent geared to income housing) to increase their supply of affordable housing. The city often offers more density or tax abatements. I'd love to see Toronto do this.
This article addresses some of the positives and pitfalls in designing them that have come with this process (in particular the luxury buildings, where yes, even some of them have these units): http://www.nytimes.com/2014/08/31/realestate/affordable-housing-in-new-yorks-luxury-buildings.html
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