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There was a concern in the 1970s that residential housing construction was declining as people moved from New York City to the suburbs. [8] In response to this trend, the state passed the original 421-a tax exemption program in 1971, with the goal of encouraging the construction of more residential housing in the city. [9]
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [67]
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
The builders of Tehaleh, a development that will include up to 9,700 homes south of Bonney Lake, chose to pay a $768,588 fee instead of building the 711 low-income units that Pierce County ...
As the affordability crisis spirals, L.A. should remember that our city used to build dense housing everywhere. Opinion: The future of Los Angeles housing can learn from Silver Lake, Fairfax and ...
A new mandatory ordinance, enforced in 2003 with uniform expectations and rewards for developers, led to the creation of 3,400 affordable housing units, with 750 more planned in June 2004. Orange County, CA 952 units were built over eleven years (1983–1994). 6,389 units of affordable housing were built within four years (1979–1983)
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