Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.]
In yesterday’s post, we got an education into New York City’s clever Section 421-a program, which combines inclusionary zoning with linkage (or did, until the 2007 reforms), creating a transferable certificate that could be sold, and was sold, as illustrated by an intra-developer litigation highlighted in The New York Observer, which [...]
You wouldn’t think that delays in financing a downtown luxury tower would stop in its tracks an affordable property in the Bronx, but such is the nature of sophisticated financial ecosystems that everything can influence everything else. [As my friend Shekar Narasimhan has pointed out, when Lehman went under, it filed bankruptcy in 56 countries, [...]
This is a whodunit. Somebody’s paying more, and it’s somebody else’s fault. Who’s the culprit?
We all live in this co-op, and one of us will be financially murdered
But first, let’s meet the victim(s), since what is a good juicy newspaper story (in this case, from the New York Times) without a victim?
I’m [...]
Cities mean traffic jams.
Broadway, New York City
Yes, you can have traffic jams without cities, but you cannot have cities without traffic jams.
1962
As illustrated in this throwaway piece from New York Times, that doesn’t stop politicians from decrying them and wishing they would go away:
Speaking of traffic-taming measures for Broadway around Times Square and Herald [...]
[Previous posts on local taxation include Assessment of affordable housing, Local taxation: cui bono?, Real estate taxes: basic budget algebra, The states of play, Who pays property taxes? – Ed.]
From the Unintentional Humor Department of the New York Times comes this What-are-we-going-to-DO-about-this? story about new parents who are shocked, shocked to discover that where they [...]
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