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The rising cost of keeping New York’s affordable housing afloat has reached crisis levels. Operating costs for NYC’s affordable housing have jumped 40 percent since 2017, with insurance premiums more than doubling — putting nearly 40,000 subsidized apartments at risk. Nonprofit landlords, who manage about two-thirds of these homes, are deferring maintenance and weighing service cuts just to stay afloat. Read the full story 👇 | The Real Deal
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