The Bloomberg administration is proposing to cut $285 million from its housing department's capital budget, raising questions over whether the city will be able to meet the goals of a signature program to create or preserve 165,000 "affordable" units by 2014.
The initiative has been one of the more ambitious and costly of Mayor Michael Bloomberg's tenure. If the cut is finalized, the overall cost would be reduced to about $8.2 billion from $8.5 billion.
[ Read full story...]
No comments:
Post a Comment