NYC is banking on Common to deliver affordable beds

New York City is jumping into bed with two co-living firms to
build affordable housing. The city’s Department of Housing
Preservation and Development said Tuesday it will work with Common
and Atlanta-based PadSplit — along with each firm’s development
partner — to create co-living units. The announcement is the
result of a pilot program HPD launched last year, dubbed ShareNYC,
offering developers public funds to create income-restricted units
in co-living buildings. HPD selected three proposals

Source: FS – All – Real Estate News 2
NYC is banking on Common to deliver affordable beds