Affordable Housing or Lack Thereof
Rents Are Rising, But At Least Bed-Stuy Has a New Affordable Housing Development
Late last week, a new 48-unit affordable housing development opened at 926 Madison Street in Bed-Stuy, Brownstoner reports—which is good news for residents in a once-rough neighborhood where the locals’ biggest fear is now likely rising rents.
Rents in the Brooklyn neighborhood went up 6.5 percent between April and May of this year; the neighborhood has seen steadily rising rents since the beginning of the year. Read More
