‘I Pay $623 in Rent and Have a Doorman’: Everything You Thought You Knew About Affordable Housing Is Wrong
By Kimberly Dawn Neumann When Merete Muenter tells people that she pays $623 a month for her studio in an affordable housing complex in New York City, many assume the worst: a run-down dump in a crime-ridden neighborhood. The reality is that her subsidized rental is far nicer than any of the market-rate places she’s lived in previously. “People … don’t realize that […]
‘I Pay $805 a Month in a Million-Dollar Neighborhood’: Why Affordable Housing Doesn’t Affect Home Values
By Kiri Blakeley Jul 7, 2024 Michelle Shea, a single mom with two daughters, was homeless right before moving to the Woodbury community in Irvine, CA. The wealthy enclave features homes with manicured gardens, shimmering pools, and typical price tags of around $1.5 million. Yet tucked within the community is an affordable housing complex called The Arbor, where Shea pays […]