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 new mayor … stillhigh interest rates and looming cuts to federal housing assistance all threaten new construction in NYC … have truly committed government partners that are doing the best they can Walsh said A tough market is also providing a …

By Celia Young |October 16, 2025 - 10:30AM
How the Democratic candidates for mayor would fix NYC's housing crisis

… the city including where it gets built and how to make it affordable for everyday New Yorkers In just two weeks … also wants to build more MitchellLama housing eliminate credit checks for rental and mortgage applications work with … Lander plans to create a system for tenants to review and score contractors that repairor fail to fix uptheir …

By Celia Young |June 13, 2025 - 9:30AM
Nearly one in five NYC renters fell behind on their rent last year

… were behind on rent in October higher than the national average of 12 percent according to a report from State … and 2023 was no exception  Median asking rent on available apartments remained around $3500 per month citywide in … 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
NYC launches program to help developers finance new affordable rental developments

… development across New York City through city subsidies tax exemptions and private financing Developers of projects … The city announced MIMI at the end of 2023 a year marked by a slowdown in development after the expiration of the …

By Celia Young |January 8, 2024 - 11:00AM