Developing Affordable Housing Ecosystems World Wide
If the American apartment has a birthplace, it is New York City, specifically the island of Manhattan.
Manhattan, 1764: it all started here
By ‘apartment’, I mean specifically the high-rise flat occupied by choice not economic necessity.
High-rise, TriBeCa
(The birthplace of American affordable housing is Boston … but that’s another story.)
Before Manhattan apartments, the rich simply demanded [...]
In 1961, when I was seven, Jane Jacobs wrote her masterpiece, Death and Life of Great American Cities, but it was not until a few months ago that I discovered she had later (1992) anticipated my parallel development of the ecosystemic metaphor for urban communities and housing finance:
Jane Jacobs, circa 1965
I realized I was engaged [...]
[Continuing a discussion begun in yesterday's suspenseful post!]
Watson found himself fascinated by the capital stack diagram:
“It seems complicated,” he said finally.
“It is complicated,” agreed Holmes. “More so than even is suggested by the simple diagram. Recall that each type of money will come from a different capital source. Each capital source will have its [...]
“Toby, we’ll find that missing money somewhere!”
“Holmes,” began Watson, pushing away the mouse and rubbing the glowing pixels out of his eyes, “you have previously categorized the four kinds of capital financing — hard debt, soft debt, hard equity, and soft equity — but you have yet to articulate how they are combined into a [...]
In New York City, whose housing authority is facing an enormous deficit brought on principally by HUD budget cuts, the authority has taken a long-overdue step. Searching in the fiscal sofa cushions, New York has found some additional income:
Wonder if there’s any excess income to be found?
As reported in the New York Times:
The New [...]
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