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How the Democratic candidates for mayor would fix NYC's housing crisis
… want to accelerate the speed of housing production in NYC to build thousandseven hundreds of thousandsmore … apartments than the less than 30000 housing units NYC developers built in 2023 But how they intend to build … Adams has touted her record in the City Council in the mayors race As speaker she helped pass the City of Yes for …
Scott Stringer wants to build ‘Mitchell-Lama 2.0’ and buy up deteriorating NYC buildings for housing
… on city land and use eminent domain to buy crumbling NYC buildings The mayor will oversee city agencies that … with the law and adding fines to their problemI think its something that has to be revisited … Shortterm rentals … … send a clear message that were not going to just let people live in squalor … How would you fund this program and …
Both landlords and tenant advocates criticize tentative housing deal in New York state budget
… including additional eviction protections for marketrate renters and a new development tax credit Governor Kathy … … The budget deal includes some protections for marketrate renters against eviction but advocates lambasted the policy … for housing developments that create permanently affordable apartments But lawmakers are still negotiating how …
Nearly one in five NYC renters fell behind on their rent last year
… The rent is too damn high and its putting some New Yorkers … of New York City metro area residents were behind on rent in October higher than the national average of 12 … and 2023 was no exception Median asking rent on available apartments remained around $3500 per month citywide in …
State of the state: Hochul’s multi-prong approach to tackling New York's housing crisis
… discrimination The governor proposed legalizing basement apartments converting commercial buildings to residential … a strain on residents budgets The obscenely high costs of rent and mortgages are caused by the unconscionable shortage … income discrimination … Hochul also outlined a plan to help renters who use housing vouchers facing discrimination by …
NYC launches program to help developers finance new affordable rental developments
… qualify for the program a projects affordable units must be rentstabilized for at least 30 years Rents need to be set at … limited affordable housing such as the Upper East Side in Manhattan Red Hook in Brooklyn and Forest Hills in Queens In … use public resources according to the announcement And NYCs public resources have felt a crunch The expiration of …
