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
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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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 …