Whoever wins the NYC mayor’s race faces a worsening housing crisis, affordable developers say

… New York Citys affordable housing developers are gearing up to build … federal housing assistance all threaten new construction in NYC While developers say theyre ready to work with whoever … cofounder of affordable and marketrate developer Slate Property Group Schwartz estimated in an oped that every …

By Celia Young |October 16, 2025 - 10:30AM
Elizabeth Street Garden won its fight. What does that mean for housing development in NYC?

… City leaders backed down from a decadelong fight to build affordable senior housing on the cityowned lot Instead city … leaders painted the move as a winwin the 123 affordable apartments will be shuffled to a nearby block and the garden … supporting new development to counter the skyrocketing rents forcing some New Yorkers out of the city Just last …

By Celia Young |June 24, 2025 - 4:30PM
Whitney Tilson wants to speed up development and make it easier for small landlords to evict non-paying tenants

… is one of the many candidates running for New York City mayor As the race heats up Brick Underground is interviewing … city agencies that regulate landlords the implementation of NYCs landmark climate law Local Law 97 and new construction … a quick series of questions about major NYC housing issues before going into detail about their own proposals This …

By Celia Young |March 31, 2025 - 9:30AM
Scott Stringer wants to build ‘Mitchell-Lama 2.0’ and buy up deteriorating NYC buildings for housing

… In his second bid for mayor former New York City Comptroller … on city land and use eminent domain to buy crumbling NYC buildings  The mayor will oversee city agencies that … rent laws I was a tenant activist before I was in elected office I have been a housing activist throughout my public …

By Celia Young |March 10, 2025 - 3:45PM
Nearly one in five NYC renters fell behind on their rent last year

… forcing them to make tough choices … An expensive confusing rental market … NYC has never been particularly cheap and … on available apartments remained around $3500 per month citywide in November near its 2023 peak of $3795 according … amid higher interest rates and the expiration of the 421a affordable housing tax break in 2022   Developers filed 9523 …

By Celia Young |January 24, 2024 - 12:30PM