NY Times: As City Adds Housing for Poor, Market Subtracts It

It [NYC} has already financed the creation or preservation of 94,000 units, including 72,000 for low-income households, city officials say.

But those efforts have been overwhelmed by a far larger number — the 200,000 apartments affordable to low-income renters that New York City has lost over all, because of market forces, during the mayor’s tenure.

Read the complete October 14, 2009, New York Times article By Manny Fernandez here.