Results tagged “affordable”

Bad news for squatters and survivalists: Instead of just letting abandoned condo developments turn into illegal havens for trespassers, the city is starting a $20 million pilot program to turn unsold condominiums, unrented apartments and stalled construction sites into affordable housing for middle-income families. Yesterday Mayor Bloomberg and City Council Speaker Christine Quinn announced the plan, called the Housing Asset Renewal Program (HARP), in which the city will negotiate with developers and banks to turn the unoccupied units into affordable housing.

Photo: Food of the Future