99-Apartment Loophole Brings 99 Problems for Affordable Housing in NYC (opens in new tab)

They’ve popped up all across the city, scores of new building plans by different companies in very different neighborhoods, with one thing in common: They all have exactly 99 apartments. In the past two years, developers have filed permits for more than 150 residential buildings with that precise number of units, per city data. Why? […] The post 99-Apartment Building Boom Makes 99 Problems for NYC Housing Crisis appeared first on THE CITY - NYC News.