Affordable Housing Is Actually Increasing

Sunday, Nov 29, 2009  |  Updated 12:45 PM EDT
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Affordable Housing Is Actually Increasing

Mervyn Penrose Rands/Getty Images

Chicago City Council votes to protect tentants liiving in foreclosed buildings.

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Hear the rumor, or perhaps see the NYU study, that the city's affordable housing is vanishing faster than it can be built? Not true, says Housing Preservation and Development Commissioner Rafael Cestero. There has been a "significant net increase" in affordable housing through the Bloomberg years, and if affordable apartments were lost, that all happened between 2002 and 2005, and the drain had been stopped by 2008. [WNYC via Real Deal; previously]

Copyright © 2009 Curbed NY

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