The plan to build below-market-rate housing is bold and might break the current logjam on affordable housing (“Teaching Housing on Tap for Bx.,” Oct. 5).
Other unions must now step up to keep the momentum going. In the 1950s and ’60s, the labor unions funded large co-op projects that provided great apartments for moderate-income New Yorkers.
Today, a similar effort must be made to strengthen the city’s worker corps for the next generation.
The vast resources of municipal pension funds, combined with long-term tax abatements and political will, is a formula that will work.
Robert E. Riccobono, Manhattan