The article discusses New York City’s innovative plan to address the affordable housing crisis by directing public funds towards mixed-income housing projects in wealthier neighborhoods. This move aims to fill the gap left by the expiration of a significant tax incentive, leveraging the income from market-rate apartments to finance the construction of affordable units. The strategy reflects a creative approach to overcoming the limitations of traditional affordable housing tools and regulatory barriers, intending to distribute affordable housing more evenly across the city. By encouraging developments that combine market-rate and affordable housing, the city hopes to create more inclusive, diverse communities and make better use of its public resources in the face of a deepening housing shortage.

https://www.nytimes.com/2023/12/26/nyregion/affordable-housing-plan.html