Published 2023
“…Using two case study financial analyses in neighborhoods representative of the range in market-rate rents citywide, this thesis: (1) comparatively examines returns based on the recently lapsed 421-a program, the
Governor of New York’s proposal for a replacement, and a completely market-rate development without subsidy, (2) performs a sensitivity analysis determining outcome returns for private capital at a range of affordability requirements, (3) tests these outcomes for industry feasibility, (4) aggregates and analyzes survey response data to develop a conceptual threshold of program requirements and find the optimal policy point at which the greatest number of units and deepest affordability is feasible for private capital to consider for development.…”
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Thesis