NYC budget includes an extra $2 billion to build and preserve affordable housing

… in affordable housing The budget adopted by the City Council on Sunday allocated an extra $2 billion to the New … said in a statement Around $700 million in funds will let NYCHA renovate the citys public housing stock while roughly … $499 million according to a January Independent Budget Office report   … NYCHA security guards will keep patrolling …

By Celia Young |July 2, 2024 - 2:00PM
NY raises cap on rent increases at newly renovated rent-stabilized buildings

Rents at rentstabilized apartments in New York City could rise under … up to $167 per month for a rentstabilized apartment in a building with more than 35 units or up to $179 per month at …

By Celia Young |April 24, 2024 - 4:00PM