April 21, 2015

NYC update: 80,000 line up for 55 low income apartments

CNN - A 33-story luxury complex in Manhattan has 55 affordable rentals at below-market rates for those who meet certain income requirements - and a staggering 88,000 applications have been received. For those will money to burn, the gleaming tower on Riverside Drive also has more than 200 luxury condos for sale, with prices ranging from $1 million to as much as $25 million. There's a separate entrance for the affordable rentals, which has become known as the "poor door."

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