“If the housing built is not actually affordable to the people living in the neighborhood, the affordable housing is just housing.”

Some ‘Affordable’ Units Too Costly, Report Says

By

quote by : Moses Gates, an author of the report, which examined more than 124,000 affordable housing units that were developed with billions of dollars in public subsidies from fiscal 2004 to fiscal 2011.

Published: February 13, 2013  by  The New York Times
to see the full article click on link : http://www.nytimes.com/2013/02/14/nyregion/report-cites-shortcomings-of-affordable-housing-plan.html?ref=nyregion&_r=0

remember bloomberg uh..braggin’ about all the affordable housing he has created in today’s state of the city brag-a-thon?  i was wondering why, if indeed he had created affordable housing, the homeless population was at an all time high in new york city.  i got my answer.  the term “affordable housing” is open to interpretation it seems.

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