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Private Investment ‘Could Create’ 50,000 Units Of Workforce Housing With ‘All Construction Done By Union Workers’

Published Tuesday, May 27, 2025
by Labor News Story Link To The Chief Leader
Private Investment ‘Could Create’ 50,000 Units Of Workforce Housing With ‘All Construction Done By Union Workers’

Sterling Sewell at The Chief Leader reports bidding to alleviate New York City’s need for working class housing, Resorts World Casino New York City and Cirrus Workforce Housing have announced plans to build as many as 50,000 units of workforce housing in the coming years. From 2014 to 2024, just 18% of housing investments in New York City were for moderate- and middle-income households, according to a 2024 report from the New York City Rent Guidelines Board. That lack of middle-income housing will at least in part be addressed by Resorts World’s multi-million-dollar agreement. Proponents say the move would help to slow the affordable housing crisis for Middle Class Workers and would create jobs for Union Laborers. Resorts World leadership said the agreement represents the largest initiative for affordable housing since the Mitchell-Lama program began in 1955. “For the last thirty years, and I’ve watched it and many of us in Labor have watched it, the erosion of housing for the Middle Class,” Gary LaBarbera, the President of the Building and Construction Trades Council of Greater New York, said at the announcement that was made at the Hyatt Regency JFK Airport. “We have been pushed out of opportunity.”

To Continue Reading This Labor News Report, Go To: Private investment could create 50,000 units of workforce housing - The Chief

Photo Courtesy Of Dominick Totino Via The Chief Leader.

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