fromwww.amny.com
22 hours agoOp-ed | Greater housing affordability requires subsidies | amNewYork
Several factors contribute to this necessity. First, the cost of land and construction in New York City is exceptionally high. Developers must pay premium prices for land, especially in neighborhoods with access to jobs, transit, and amenities. Construction costs, fueled by labor, materials, regulatory compliance, and insurance, consistently rank among the highest in the nation. These expenses are compounded by zoning requirements, building codes, and environmental regulations, all of which are necessary for rational planning, safety and quality but further inflate costs.
New York City





