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Reducing the Cost of New Housing Construction in New York City

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Publication Date: September 1999

Publisher(s): Furman Center for Real Estate

Author(s): Jerry J. Salama; Martha E. Stark; Michael H. Schill

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Social conditions (Housing)

Keywords: Affordable Housing; Housing Prices

Type: Book

Abstract:

New York City has been in a self-proclaimed housing “emergency” since the end of World War II. While the rest of the nation responded to postwar housing shortages with a construction boom that left all but low-income households appropriately housed, in New York City developers have not even been able to produce enough housing to satisfy the needs of the middle class.