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

… and other city leaders painted the move as a winwin the 123 affordable apartments will be shuffled to a nearby block … supporting new development to counter the skyrocketing rents forcing some New Yorkers out of the city Just last … Allan Reiver since the 1990s for $4000 a month Yes rent for the 20000squarefoot garden is cheaper than the …

By Celia Young |June 24, 2025 - 4:30PM
Whitney Tilson wants to speed up development and make it easier for small landlords to evict non-paying tenants

… City by partnering with the real estate industry Tilson is one of the many candidates running for New York City … caught up with Whitney Tilson last month to talk about how hed tackle housing if he were to become NYCs next … Airbnb to tourists Im talking about longterm New Yorkers renting out a bedroom or two in their apartments in a way …

By Celia Young |March 31, 2025 - 9:30AM
Scott Stringer wants to build ‘Mitchell-Lama 2.0’ and buy up deteriorating NYC buildings for housing

… mayor  Editors note Brick Underground is interviewing the 2025 New York City mayoral candidates about their housing … MitchellLama buildings which offer affordable coops and rental units  His campaign for mayor follows an unsuccessful … think its something that has to be revisited … Shortterm rentals … Would you support rolling back NYCs shortterm …

By Celia Young |March 10, 2025 - 3:45PM
Both landlords and tenant advocates criticize tentative housing deal in New York state budget

… lawmakers have reached a conceptual agreement on New Yorks $237 billion budget including additional eviction protections for marketrate renters and a new development tax credit Governor Kathy … … The budget deal includes some protections for marketrate renters against eviction but advocates lambasted the policy …

By Celia Young |April 16, 2024 - 1:00PM
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 … apartment for example Plus a quarter of the rentrestricted apartments must be reserved for extremely low or very … The Adams administration intends to prioritize areas with limited affordable housing such as the Upper East Side …

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