21 February 2017, The New York Times

Levying a permanent, dedicated tax on the construction of ultra high-end rental apartments and on the sale of luxury condominiums could finance the steady creation of truly affordable housing across New York. Successful precedent of such a self-sustaining fund is found in Battery Park City, when city and state authorities agreed to channel excess revenue generated by this highly successful community to restore low-income housing into the city’s neediest neighborhoods.



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