Designating large portions of Manhattan as landmarked or historic districts has been happening at a rapid pace and is suppressing the opportunity to build affordable housing, according to a new report from the Real Estate Board of New York. Mike Slattery, president, told REFI, “These designations shut the door on any new housing development and [especially] lock the door for affordable housing.”

Since 2008, there have been zero units of affordable housing constructed in Manhattan’s landmarked districts and just five units have been....

The content you are trying to view is restricted for Real Estate Finance Intelligence
subscribers.

To continue reading, please log in using the login box in the upper right corner of this page,
 subscribe or take a free trial.

Subscribe

Start your Real Estate Finance Intelligence service today for full access

Subscribe

Free Trial

Not ready to subscribe?

Register today for a free trial.

Free Trial