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 officials said on …

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

… manager wants to hurry up housing construction in New York City by partnering with the real estate industry Tilson is … for the CityFHEPS housing voucher program as was passed by the Council in 2023 Im not familiar with that so I … in the right direction But 80000 units in 15 years is at best 10 percent of whats necessary So Im going to go in and …

By Celia Young |March 31, 2025 - 9:30AM
Both landlords and tenant advocates criticize tentative housing deal in New York state budget

… it was proposed in 2019 would allow marketrate tenants to challenge evictions resulting from unreasonable rent increases The original bill defines an unreasonable rent hike as an … went too far While there were several modifications to the original legislation Good Cause eviction will still create …

By Celia Young |April 16, 2024 - 1:00PM
State of the state: Hochul’s multi-prong approach to tackling New York's housing crisis

… affordability crisis is building hundreds of thousands of homes … Hochuls plan to stop source of income discrimination … practice will not be tolerated … A need for significant resources … Desir says that hes still waiting for more … failed to pass in the legislature last year Perhaps the second times the charm She will once again propose a …

By Celia Young |January 10, 2024 - 10:30AM
NYC launches program to help developers finance new affordable rental developments

… can apply to score city financing through the Mixed Income Market Initiative MIMI until Feb 15th The city announced MIMI at the end of 2023 a year marked by a slowdown in development after the expiration of the popular … apartment for example Plus a quarter of the rentrestricted apartments must be reserved for extremely low or very …

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