Whoever wins the NYC mayor’s race faces a worsening housing crisis, affordable developers say

… catastrophic for owners and tenants  In NYC roughly 34000 landlords rely on federallyfunded Section 8 housing vouchers which pay part of a tenants rent according to a July report from the New York City … mortgage defaults and banking instability particularly in rentstabilized buildings where owners are already warning …

By Celia Young |October 16, 2025 - 10:30AM
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