Elizabeth Street Garden won its fight. What does that mean for housing development in NYC?

… Elizabeth Street Garden will remain undeveloped after New York City leaders backed down from … leaders painted the move as a winwin the 123 affordable apartments will be shuffled to a nearby block and the garden … and other artifacts fought the development in court and opened the garden to the public in 2013 hoping to win the …

By Celia Young |June 24, 2025 - 4:30PM
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 behind on their bills Roughly 18 percent of New York City … and 2023 was no exception  Median asking rent on available apartments remained around $3500 per month citywide in … The city also closed on financing for 14227 new affordable apartments throughout all of 2023 according to a separate …

By Celia Young |January 24, 2024 - 12:30PM
NYC launches program to help developers finance new affordable rental developments

… A new program aims to increase affordable housing development across New York City through city subsidies tax … MIMI at the end of 2023 a year marked by a slowdown in development after the expiration of the popular 421a tax … XI the project would have to be carried out by a Housing Development Fund Company according to the programs …

By Celia Young |January 8, 2024 - 11:00AM