Monday, March 03, 2008

The lottery-like chances for subsidized middle-class housing

A New York Times Real Estate section article yesterday on the chances of the middle-class getting subsidized housing in New York City was headlined Winning That One in a Million.

Atlantic Yards, with 1350 subsidized middle- and moderate-income units and 900 subsidized low-income units, would seem to improve the odds slightly. Then again, if the project takes 20 years, or 30 years--or doesn't get off the ground at all--then the odds improve less and less.

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