affordable housing

With so many hotels now underutilized, there is a push to purchase the struggling buildings and convert hotel rooms into hundreds — or even thousands — of affordable micro-apartments

The I-Team’s Chris Glorioso reports on a plan to take hotels that have become empty during the pandemic, and turn them into housing — a possible way to confront NYC”s affordable housing crisis.

The city says it has spent $6.6 billion to create or preserve 147,933 affordable homes during de Blasio’s six years in office so far