NEW YORK, NY - AUGUST 16: A new building offering both residential and office units stands near the Hudson Yards on Manhattan's far West Side along the Hudson River in New York City on August 16, 2013 in New York City. A new report by the office of Brooklyn Democrat and housing expert  Brad Lander, a City Councilman, found that less than 2 percent of all apartments developed in the city since 2005 were deemed affordable housing. New York City Mayor Michael Bloomberg launched "Inclusionary Housing Program" eight years ago in an attempt to get developers to to build larger and taller as long as they also set aside a portion of their apartments for low- to middle-income tenants.  (Photo by Spencer Platt/Getty Images) If you’ve rented an apartment in New York you know how much of a hassle the process is. First you need to find somewhere, then you need to meet the building or landlord’s strict approval process. But in New York (and a few other major cities) the approval threshold is so high that people aren’t able to get the apartment they want, even if they can actually afford it. This… Read More

Source: News