Rapid population growth, record numbers of homeless families and individuals, increasing income inequality, and a public housing waiting list a quarter-million names long all speak to the dire shortage of affordable housing in New York City. There’s increasing need for more—and more affordable—housing and to preserve the units we already have. One critical component to meeting this shortage is the construction of new units, which mostly come in the form of publicly subsidized rental apartments. But who builds affordable housing and how do they make it work? Are there differences in the approaches of nonprofit and for-profit developers?
In our ninth Brass Tacks discussion, two mission-driven affordable housing developers will discuss the essentials of the development process in New York City today. In a conversation moderated by Jarrett Murphy of City Limits, Michelle de la Uz of the nonprofit Fifth Avenue Committee and Martin Dunn of the for-profit Dunn Development Corp. will detail how they identify projects, whom they partner with, where the financing comes from, whom their buildings serve, and more.
Ample time for questions will follow their conversation. You bring the questions, we’ll supply the experts and the wine.
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