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 … obstacle facing affordable housing is not that the city is shortstaffed its short on cash Schwartz said The city … rent freeze if Mamdani is elected More than half of all NYC households are rent burdened meaning they pay more than 30 …

By Celia Young |October 16, 2025 - 10:30AM
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 … Adams has touted her record in the City Council in the mayors race As speaker she helped pass the City of Yes for … well … Jessica Ramos … State Assembly member Jessica Ramos recently endorsed Andrew Cuomo for mayor but she has not …

By Celia Young |June 13, 2025 - 9:30AM
Scott Stringer wants to build ‘Mitchell-Lama 2.0’ and buy up deteriorating NYC buildings for housing

… MitchellLama housing on city land and use eminent domain to buy crumbling NYC buildings  The mayor will oversee city … round questions Scott Stringers answers … Local Law 97 … Do you think fines should be delayed or enforced for buildings … but I do think we have a lot of coops especially coops that are affordable that are really struggling with the law and …

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

… some New Yorkers behind on their bills Roughly 18 percent of New York City metro area residents were behind on rent in … make tough choices … An expensive confusing rental market … NYC has never been particularly cheap and 2023 was no … all of 2023 according to a separate announcement from Mayor Eric Adams But a slowdown in construction means the …

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

… Governor Kathy Hochul took another stab at an agenda to grow New Yorks supply of affordable housing in her state of the state address yesterdayalong … new apartments on stateowned land Her plan also hopes to address New York Citys lack of affordable housing

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