Reducing the Cost of New Housing Construction in New York City
Publication Date: September 1999
Publisher: Furman Center for Real Estate
Author(s): Jerry J. Salama; Martha E. Stark; Michael H. Schill
Research Area: Social conditions
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.
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