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

… backed down from a decadelong fight to build affordable senior housing on the cityowned lot Instead city officials … leaders painted the move as a winwin the 123 affordable apartments will be shuffled to a nearby block and the garden … $100000 as of late last year  The city served the garden with an eviction notice in March and its yet unclear if it …

By Celia Young |June 24, 2025 - 4:30PM
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 … in NYC to build thousandseven hundreds of thousandsmore apartments than the less than 30000 housing units NYC … differs widely between the mayoral hopefuls Read on for an overview of the housing plans for all of the nine major …

By Celia Young |June 13, 2025 - 9:30AM
NYC launches program to help developers finance new affordable rental developments

… can apply to score city financing through the Mixed Income Market Initiative MIMI until Feb 15th The city announced MIMI at the end of 2023 a year marked by a slowdown in development after the expiration of the popular … apartment for example Plus a quarter of the rentrestricted apartments must be reserved for extremely low or very …

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