Looking at city policy, some have questioned a middle-income focus. Moses Gates, Director, Community Planning and Design for the Regional Plan Association, recently argued in Crain’s New York Business that such middle-income households “have ample options in New York’s rental market” but rather lack “a supply of homes to buy in their price range.” In the rental market, that means they outbid lower-income households and drive up rents. “We’re talking about $2,800 to $3,200 [a month] rental apartments,” Gates added in an interview. “That’s something that a healthy market should be producing.”
Read the full article in City Limits.