Affordable Housing Monitor

Community Board 4 (CB4) serves the Chelsea, Hudson Yards and Clinton/Hell's Kitchen areas and involves community members in government decisions that affect their neighborhoods. The Capstone team assisted CB4 by developing a database of its affordable housing stock, particularly the number of units created through multi-jurisdictional public financing mechanisms in market-rate buildings. This information will be used to ascertain which affordable housing has been created, what will be created in the future, and how much more will be needed to meet the demands and needs of the community. The Capstone team collected data from various government agencies, real estate agencies/brokers, and the The Furman Center for Real Estate and Urban Policy at New York University. The team examined existing affordable housing stock and proposed new construction of affordable housing in the district.