There are many ways the city could provide more affordable housing to low-income renters. 1. Subsidize rents. More unconventional strategies include "buy-down" programs sponsored by corporations, "in which the city would purchase empty high-end apartments and then subsidize their rents for lower-income families with the help of corporate funding." In Denver, Chipotle is the first "employer partner" to try its hand at this. Atlanta has announced its intention to try similar partnerships. 2. Develop nonprofit financing. Under the Bloomberg administration, the Bowery Residents Committee (BRC) built low-income housing at Landing Road as part of its building that housed its shelter. It took the surplus from the shelter to operate the private low-income apartments. BRC has also begun the Way Home Fund, a goal to raise $7 million as a revolving fund to kick off a pipeline of projects similar to Landing Road. The organization believes that amount is sufficie
Writings about the use of money in US politics.