
Low-density neighborhoods face unmet housing need
While most people might think of New York City as a dense place with big apartment buildings, lower-density neighborhoods make up more than half of the city's land, Mr. Slatkin said.
That's why the program seems promising, he said. It "helps ordinary homeowners who don’t have the kind of access to capital that a builder on their own might have," he said.
"This is the way that you can produce housing at a relatively low cost," he said.
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