EDM.com Spotlight

EDM.com Spotlight

New York City Offers Affordable Housing For Artists And Musicians

During New York City Mayor Bill de Blasio’s State of the City address earlier in the week, he announced a housing initiative aimed at artists and musicians of the city who fall under a low income bracket. The new plan will provide 1,500 units of affordable housing for creatives.

During his address, de Blasio said, “We know that New York is the city it is today in part because of the contributions from generations of artistic visionaries who at one point struggled to make ends meet.” The incentives will apply to individuals earning between $29,400 and $47,000 per year, and families of four earning between $41,951 and $67,120. The initiative aims to develop 150 new units each year in addition to 500 total units of work space.

[H/T: Consequence of Sound]

Follow EDM.com: