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

… New York City leaders backed down from a decadelong fight to build affordable senior housing on the cityowned lot … supporting new development to counter the skyrocketing rents forcing some New Yorkers out of the city Just last … city would follow through on its commitments in the future How are we supposed to add a little bit more housing in …

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

… up housing construction in New York City by partnering with the real estate industry Tilson is one of the many candidates running for New York City … on the premises I wouldnt change the current regulations What I would focus on though is easing longerterm rentals I …

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

… pitching a plan to build more MitchellLama housing on city land and use eminent domain to buy crumbling NYC buildings  … back NYCs shortterm rental restrictions and allowing small homeowners to rent out their properties for fewer than 30 … we already have a head start on lowering the rents Between the subsidy and the free land we can basically get a …

By Celia Young |March 10, 2025 - 3:45PM
Both landlords and tenant advocates criticize tentative housing deal in New York state budget

… including additional eviction protections for marketrate renters and a new development tax credit Governor Kathy Hochul announced Monday Hochuls announcement managed to disappoint both landlord and tenant advocates on two key … said on Monday We had some very tough conversations about how to change the entrenched status quo And as a result we …

By Celia Young |April 16, 2024 - 1:00PM