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 under a new mayor but … said Spencer Levine president of RAL Companies which has built affordable and marketrate residential developments in … Section 8 housing vouchers which pay part of a tenants rent according to a July report from the New York City …

By Celia Young |October 16, 2025 - 10:30AM
Both landlords and tenant advocates criticize tentative housing deal in New York state budget

… key issues Good Cause eviction and the replacement of the 421a tax incentive for affordable housing development Hochul … of either 10 percent or 5 percent above the consumer price index City State reported It would also give a 30year … affordable housing construction and replace the popular 421a tax abatement program which allowed developers to avoid …

By Celia Young |April 16, 2024 - 1:00PM
Nearly one in five NYC renters fell behind on their rent last year

… damn high and its putting some New Yorkers behind on their bills Roughly 18 percent of New York City metro area … were behind on rent in October higher than the national average of 12 percent according to a report from State … decade putting pressure on New Yorkers wallets  Housing costs in New York City and the surrounding suburbs have …

By Celia Young |January 24, 2024 - 12:30PM
State of the state: Hochul’s multi-prong approach to tackling New York's housing crisis

… 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 … residential towers can be  Hochul also proposed creating a $500 million fund to create 15000 new housing units across …

By Celia Young |January 10, 2024 - 10:30AM