Discussion about this post

User's avatar
CNTY Capital's avatar

This was a fascinating read, as someone in a rent stabilized apartment

Expand full comment
Alex's avatar

I could be wrong about this but I believe there already is a trading style system for new construction in NY, where developers who are required to build x% affordable units will sometimes not build those units in their fancy new development but instead give the money to some non-profit developer to build the units somewhere else. There's also famously a sort of cap-and-trade with air rights in NYC. Between the two feels like the city government ought to already have some familiarity and expertise in this zone

Expand full comment
5 more comments...

No posts