The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

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The Ticker

Plans for New York housing affordability fall through

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By most measures, the New Housing Marketplace plan, an affordable housing development program put into place during the Bloomberg administration, has been a great success. Since (fiscal) 2004, the plan has created or preserved more than 140,000 affordable units throughout the city — about 85 percent of its goal of 165,000 units. The city considers the initiative "the largest municipal affordable housing effort in the nation's history."

Source: The Atlantic
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