Housing subsidies

Started by streakeasy

about 17 years ago

Posts: 323

Member since: Jul 2008

Discussion about

Anybody know if whether the city was planning on pulling out housing subsidies for people in Manhattan? With a budget shortfall, the mayor is looking to find ways to save money. Is this untouchable or is it a reality?

Response by stevejhx

about 17 years ago

Posts: 12656

Member since: Feb 2008

Actually, the plan is to exterminate the poor. You heard it here first.

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Response by coverdrive

about 17 years ago

Posts: 41

Member since: Oct 2008

"billionaires for bloomberg" and the other way round is true as well..

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Response by West81st

about 17 years ago

Posts: 5564

Member since: Jan 2008

Housing subsidies? Like the mortgage interest deduction? That would be a good place to start. Or the capital gains exclusion? How about tax abatements on luxury condos?

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Response by alanhart

about 17 years ago

Posts: 12397

Member since: Feb 2007

streakeasy, what subsidies are you referring to? Those that piggyback on private development won't happen because private development doesn't happen in a down economy.

The City just set aside a certain (large) number of NYCHA low-income housing apartments for holders of federally-provided Section 8 portable housing vouchers -- to reduce city subsidies to those projects.

Housing subsidies

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