Astoria looks at new solutions to combat affordable housing crisis [View all]

The Astoria city council spent months considering a new plan for affordable housing.

Units would have been built in the downtown Heritage Square, in a spot left vacant for the last 12 years. In the last few weeks, the council halted the plan, saying costs were just too high.

But Mayor Bruce Jones said Astoria still needs some sort of affordable housing solution.

"Working class people are rapidly being priced out. We have long-term rental homes that are being snatched up by out of town buyers for use as second homes or by remote workers and by retirees and the net result is that the housing stock is going down as prices are just going up," Jones said.

https://www.msn.com/en-us/money/realestate/astoria-looks-at-new-solutions-to-combat-affordable-housing-crisis/ar-AAW2MhK