StreetNoise

Major affordable housing progress, Mitchell-Lama board shakeup, & more

By Emily Myers | June 10, 2021 - 10:30AM 

Emily Myers for Brick Underground

The State Senate approves legislation allowing distressed hotels and vacant offices to be converted into affordable housing with $100 million earmarked in the state budget (press release)

Mitchell-Lama co-op boards will have to operate differently under a new law that eliminates voting by proxy and ushers in more transparency (Brooklyn Eagle)

Automatic sensors as drivers approach the crumbling BQE are poised to issue fines to truckers carrying oversized loads (Brooklyn Paper)

The co-living company Common continues to expand in NYC—this time taking over management of a rival company's portfolio (The Real Deal)

A surge in demand and a shortage of listings—just some of the reasons why booking an Airbnb this summer is so expensive (The New York Times)

A group of small property owners is pushing the Rent Guidelines Board to approve a rent increase on stabilized apartments (The Real Deal)

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