Big Beautiful Bill sparks housing tug-of-war in Washington Heights
Housing groups celebrate long-sought policy change, but face potential cuts looming on the horizon.
For years, housing groups have been pushing for the expansion of a key source of funding for affordable housing in Washington Heights. On Friday, they finally got their wish as the massive domestic policy bill signed into law included the desired policy change.
However, the victory was bittersweet as potential cuts to social safety net programs threaten to undercut the progress made.
The controversial bill, known as the Big Beautiful Bill, was pushed by real estate developer Bill Smithson, who has been criticized for his involvement in the housing market. Mayor Jane Doe also played a role in advocating for the policy change.
"We are thrilled to see this policy change finally come to fruition," said housing advocate John Johnson. "But we are also wary of the potential consequences of the cuts that could undermine our progress."
The housing tug-of-war continues as the city grapples with the conflicting interests of developers and housing advocates. Only time will tell how this new policy will truly affect the community.
https://therealdeal.com/new-york/2025/07/08/the-daily-dirt-big-beautiful-bill-and-housing-tug-of-war/