NEW YORK: A plan by a not-for-profit to build a ‘shared ownership’ apartment complex in a city center location has triggered an internal ethics debate.
The moral discomfort centers on a definition of high value.
One element claims units worth over $780,000 shouldn’t attract any grant. Subsidizing high value units is unethical, they say.
Others argue if there is no subsidy, the not-for-profit is endorsing social cleansing…