Affordable Housing or Lack Thereof
A first-generation American daughter of Puerto Rican parents, Priscilla Almodovar has a corner office with jaw-dropping views on the 45th floor of a Manhattan skyscraper—home to one of the most powerful banks in the world. The native of Sunset Park, Brooklyn, is working tirelessly to deploy J.P. Morgan Chase’s colossal balance sheet in the section of the real estate world she’s most passionate about: the less-than-glamorous but increasingly important affordable housing industry.
“I am exhibit A for the American dream,” Ms. Almodovar told Mortgage Observer during an interview at her office in January.
The Biggest Boro
We know from Michael Kimmelman’s premiere review in The Times that Via Verde, the affordable housing complex in the South Bronx, is just about the best thing since humans decided to stop living in caves. It turns out it is not just a new model for mixed-income housing, and a pretty one at that, but also a great place to live.
Will Hunter’s Point South be a new paradigm for public housing or just another blase bunch of apartment buildings?
That became a bit clearer with a report in The Journal that narrows the field for one of the largest affordable housing projects in a generation. The city has shortlisted three teams to develop Read More