Scott Stringer wants to build ‘Mitchell-Lama 2.0’ and buy up deteriorating NYC buildings for housing

… on city land and use eminent domain to buy crumbling NYC buildings  The mayor will oversee city agencies that … build and use city land to build more MitchellLama buildings which offer affordable coops and rental units  His … fines for noncompliance They may be a way to motivate coop boards to move on Local Law 97 but I do think we have a lot …

By Celia Young |March 10, 2025 - 3:45PM
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 … in the past decade putting pressure on New Yorkers wallets  Housing costs in New York City and the surrounding suburbs … amid higher interest rates and the expiration of the 421a affordable housing tax break in 2022   Developers filed 9523 …

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