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NY fighting LA for housing bucks in Biden’s aid package

Political leaders from the East Coast and West Coast are fighting over a shrinking pie of federal housing funds in President Joe Biden’s proposed “Building Back Better” aid package. Democrats in Washington are considering slashing in half the funds currently allocated to address a slew of housing issues in their “Build Back Better” package to $150 billion, according to the Los Angeles Times. States address housing issues in vastly different ways, and representatives of each

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Amazon to put $2B into affordable housing

When Amazon planned to build a corporate headquarters in New York City, opponents claimed the influx of high-paying jobs would drive up housing prices, just as it had in the company’s base, Seattle. The argument helped defeat the project. Two years later, Amazon is pledging to plow more than $2 billion into affordable housing where its employment hubs are, the Wall Street Journal reported. Amazon will make the investments and donations over the next five

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Tension rises as public housing gets private management

Another 1,718 apartments across 16 Manhattan complexes are moving from public to private management, but some tenants fear promised upgrades are too good to be true. New paperwork has been sent out to residents as the shift moves forward, according to The City. The step is a vital one in converting the New York City Housing Authority developments under the federal Rental Assistance Demonstration program. RAD moves apartment complexes’ funding to Section 8, a reliable

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For Public Housing Residents After Sandy, ‘A Slow-Motion Katrina’

BROOKLYN, N.Y. — Ask anyone living in Cobble Hill or Carroll Gardens or Park Slope earlier this week, and they would tell you that they have power, hot water and Wi-Fi. In fact, most of the $1 million-plus townhouses and local businesses in Brooklyn’s wealthier neighborhoods never lost any basic necessities, even during the worst …

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