[NEW YORK] Alicia Glen, a former New York deputy mayor for housing and development, is starting her own firm to build affordable rentals in smaller cities across the US. Read more at The Business Times.
"We can't live in cities where the people who are working in your hospital or teaching your kids are living in overcrowded housing, or in housing two hours away."
The developments will also have market-rate units, which allow private investors to capture the upside of rising rents. MSquared plans to partner with local developers and will seek out firms helmed by women, Ms Glen said.
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