Report Shows Affordable Housing Incentive In New York City Not Working

Keywords

Museum intern Emily Theakston is reflected in a mirror of a bathroom... News PhotoApartment,Bathroom,Business,Corporate Business,Development,Finance,Horizontal,Museum,New York City,Trainee,USAPhotographer Collection: Getty Images News 2013 Getty ImagesNEW YORK, NY - AUGUST 16: Museum intern Emily Theakston is reflected in a mirror of a bathroom in a 325-square-foot apartment at the Museum of the City of New York on August 16, 2013 in New York City. The exhibit, called 'Making Room', was inspired by a contest to design micro-apartments to help ease the affordable housing shortage. Two interns a night get an opportunity to stay in the apartment, designed by Resource Furniture and located inside the museum and then show it to visitors the next day. A new report by the office of Brooklyn Democrat and housing expert Brad Lander, a City Councilman, found that less than 2 percent of all apartments developed in the city since 2005 were deemed affordable housing. New York City Mayor Michael Bloomberg launched 'Inclusionary Housing Program' eight years ago in an attempt to get developers to to build larger and taller as long as they also set aside a portion of their apartments for low- to middle-income tenants. (Photo by Spencer Platt/Getty Images)