Jim Epstein on New York City’s Affordable Housing Bonanza for the Rich

New York City Mayor Bill De
Blasio (D), who ran on a promise to reduce inequality, is allowing
upper middle class professionals with household incomes as high as
$193,000 to tap into government housing subsidies so they can
continue living in posh areas of Manhattan and Brooklyn.

In a city in which one in five households lives below the
poverty line, writes Jim Epstein, applying limited government
resources to such a purpose is obscene.

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