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

… that economic conditions and federal cuts are turning new developments into Sisyphean battles Unpredictable tariffs … which has built affordable and marketrate residential developments in NYC At the same time whoever succeeds Mayor … by City of Yes which will broadly allow for more housing development faster pathways for affordable construction if …

By Celia Young |October 16, 2025 - 10:30AM
Nearly one in five NYC renters fell behind on their rent last year

… The rent is too damn high and its putting some New Yorkers behind on their bills … of New York City metro area residents were behind on rent in October higher than the national average of 12 …

By Celia Young |January 24, 2024 - 12:30PM
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