$445,000 per South Bronx “affordable housing” unit?

by Walter Olson on October 25, 2013

Some reasons to think Bill de Blasio’s schemes for “mandatory inclusionary zoning” are likely to fall short. [Jim Epstein, New York Daily News]

{ 1 comment }

1 Robert 10.25.13 at 12:49 pm

Will it sell? Then it’s “affordable.”

I’ve found that because of E-Z credit (even post-crash) the lowest house prices are the FNMA maximum. (417K). This exceeds it a bit…..

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