421-a fraud lawsuit, NYCHA repair backlog, & more
Emily Myers for Brick Underground
In a lawsuit, three real estate firms—Atlas Capital Group, Heatherwood, and Artimus Construction—are accused of fraudulently inflating rents while receiving 421-a tax breaks (City Limits)
On average, NYCHA takes 49 days to resolve non-emergency repair requests, two-and-a-half times longer than in 2019 (The City)
Dangerous storms put $242 billion worth of New York City real estate at risk of coastal flooding, according to a report (Bloomberg)
A co-op in the Bronx is awarded $100,000 to build a roadmap for buildings to install renewable energy systems (Habitat Magazine)
Mayor Eric Adams announces a plan to house 200 migrant families bused in from southern states at Row NYC, a hotel in Midtown (Gothamist)
Why so many celebrities are moving to Brooklyn Heights (The New York Times)
