“In May, New York City Mayor Bill de Blasio (D) unveiled a plan to build 80,000 new affordable housing units, ‘marshaling every corner of government and the private sector,’ he boasted, ‘in an unprecedented response’ to the city’s ‘crisis of affordability.’ De Blasio, who ran on a promise to reduce inequality, is now enabling upper middle class New Yorkers to tap into these subsidies to serve their housing needs. In a city in which one in five households lives below the poverty line, spending limited government dollars so professionals earning six figures don’t have to leave their favored neighborhoods is obscene.”

http://reason.com/archives/2014/07/03/new-york-citys-affordable-housing-bonanz/print

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