New York — boom affordable housing

The big Apple is changing rapidly. New York — a construction boom of affordable housing.

According to the report, in the first half of 2018, the city had commissioned over 12.8 thousand new apartments, and by 2020 is expected to have 31 thousand. From 2016 to 2020, in total, will be designed and built more than 90 thousand housing units — almost doubling over the previous 4 years, when the construction of approximately 50.8 per thousand.

Noted in the report and allocation of new buildings. So, the only area of Manhattan where there is a new housing, is the Lower East Side. Brooklyn and Queens account for about 60% of new buildings.

The leader among the 10 best regions for the development of long island city. By 2020 there will be almost 6.4 thousand new apartments.

In Brooklyn the Greenpoint company that started with a modest 70 units, will do, thanks to the huge interest in the Greenpoint Landing megaproject, a huge leap — more than 2600%!

In Williamsburg and Astoria in the next 1.5 years is expected to increase the number of new housing compared to the first half of this year, 7 times.

However, it should be remembered that there is a construction boom and the «dark» side. So, one of its negative consequences — overcrowded schools. This problem will be felt, in particular, on long island, until the construction of 3 new public schools.

In the short term the inevitable hassles associated with the implementation of construction projects, namely noise and dust, and in the long — term increase in the load on the infrastructure, from transport systems to sewer.

But with all these inconveniences increase in the affordable housing market means a rising standard of living in new York.