New York’s for-profit affordable housing developers are in trouble.  That’s the takeaway from new data collected by the NYC Housing Partnership, a nonprofit organization that creates affordable housing through public-private partnerships. Almost two-thirds of survey respondents said operating costs have risen sharply and are unsustainable. Insurance premiums were among the fastest-growing costs. The results add to the stable of analyses showing that affordable housing operators are in a tight squeeze. More than half of respondents represented portfolios of 1,000 units or more.  “Our survey is putting the flag down that this is an issue for all of us that are […]

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