NYC’s Housing Hope – Making Future ‘Affordable’ Projects Work

At that meeting, only one member of the public, Jerilyn Perine of the Citizens Housing & Planning Council, spoke in favor of the proposal – noting that the market-rate housing is essential to cross-subsidizing the project. When another council member challenged her support of market rents on city-owned property, she answered, rightly, that “there is no funding for public housing going forward.”