Mortgage requirements tightened, billions in NYC tax revenue lost, & more

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By Emily Myers  |
April 15, 2020 - 10:30AM


JPMorgan Chase, the country's fourth-largest mortgage lender, is tightening its lending restrictions—borrowers now need a credit score of at least 700 and 20 percent down to get a mortgage (The Real Deal)

More than 20 public school teachers in NYC are among 50 Department of Education employees who have died from Covid-19 (Politico)

NYC's lost tax revenues amount to $5 billion to $10 billion due to the coronavirus crisis, according to Mayor de Blasio (Gothamist)

City officials negotiated a $250 million contract for hotel rooms for patients and healthcare workers in need of temporary housing (Commercial Observer via Politico)

The city's Landmarks Preservation Commission will begin virtual public hearings next week after in-person meetings were put on hold in mid-March (Brownstoner) 

Restaurant closures and changes in trash collection could result in turf wars for NYC's rat population (Gothamist)

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Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a senior writer, podcast host, and producer at Brick Underground. She writes about issues ranging from market analysis and tenants' rights to the intricacies of buying and selling condos and co-ops. As host of the Brick Underground podcast, she has earned four silver awards from the National Association of Real Estate Editors.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.