Bill De Blasio Says New York City Must Tackle Affordability Crisis

(Bloomberg) -- New York Mayor Bill de Blasio, decrying the affordability crisis facing the biggest U.S. city, proposed setting aside more apartments for the poorest, legalizing basement units and allowing renters to pay security deposits in monthly installments rather than one lump sum.In his seventh State of the City Address, de Blasio, a Democrat, said many fear the city they love is slipping away, and New York had to save itself from “the forces of greed” displacing residents and