In response to my column “Educating Zohran: What nonprofit housing actually costs,” about a Broome Street project costing $921,000 per unit, a reader pointed out that it would cost a lot less to rehabilitate homes mothballed by politics. “Existing rent-stabilized apartments in New York are the cheapest solution,” the reader emailed me. “Incentives to landlords for these rentals is the way to go. Rents for these units would be a fraction of what the real cost of a $921K new build is.” He added, “Of course, you don’t get a shiny new building for a photo-op.” Point taken. But it’s […]

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