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Can Connecting Rent To Income, Not Market Rates, Change The Affordability Of Cities?

Community land trusts–now getting a boost from state funds in New York–have the opportunity to increase affordability in expensive cities and promote development in struggling markets. When Bill de Blasio became mayor of New York City in 2014, he made no secret of his intent to place affordable housing at the center of his term. Not long after his election, he rolled out his Housing New York plan–a 10-year strategy to build or preserve around 200,000 affordable units across the city’s five boroughs.
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