City will preserve 670 affordable apartments in ‘high-cost’ neighborhoods; Why is the Flower District dying?
The city will preserve 669 Section 8 apartments for 40 years. They’re located in “high-cost neighborhoods”–Williamsburg, Harlem, the East Village–“where the majority of similar buildings have converted to market-rate.” [NYC HPD] Twenty percent of dwelling units currently under construction in New York City are in a hotel. [TRD] Once a $120 million engine, NYC’s Flower District is being […]