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


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.