HUD’s Section 8 subsidizes $9K monthly rents at Vornado’s Independence Plaza
Federal government pays millions to landlords above regular subsidy caps HUD dollars bridge conflicting policy
Financing
$1B-plus in take-out financing likely for Tishman, Rockrose, in LIC this year
Developers have opened large rental towers in growing Queens market By Adam Pincus Tishman Speyer
L+M, Monadnock, dominate in struggle to build city-financed housing
Annual total rising for grants and loans By Adam Pincus The $644 million the City