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City Limits

publisher · 4.6K followers

Opinion: Expanding the J-51 Tax Incentive is Key Co-ops Staying Affordable—And Becoming Sustainable

“By passing the expanded J-51 proposal in this year’s budget, the governor and legislature have a chance to help co-ops afford the energy upgrades mandated by Local Law 97, keep monthly maintenance fees from skyrocketing, and enable residents to continue affording their homes.”. Nonprofit co-operative housing has long provided...

New York, NY · 04-02
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therealdeal.com

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TRD PolicyPro: City Council to form co-op and condo caucus

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hey there, let’s get into today’s news at the intersection of policy and real estate:. The NYC City Council is forming a co-op and...

New York, NY · 03-31
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newyorkconstructionreport.com

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MTA seeks proposals for 300-unit housing development in Crown Heights

The Metropolitan Transportation Authority (MTA) is inviting developers to transform an underutilized MTA-owned lot at 1119 Pacific St. in Crown Heights into a residential development featuring approximately 300 new housing units. The project is made possible by the 2025 Atlantic Avenue Mixed-Use District (AAMUP) rezoning and aims to provide new homes while improving transit access and public spaces in the area.

New York, NY · 03-27
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City Limits

publisher · 4.6K followers

‘Rent Freeze’ Is The Elephant In The Room as Rent Guidelines Board Kicks Off, And What Else Happened This Week in Housing

A report from the Rent Guidelines Board, which sets allowable rent increases for stabilized units in the city, showed that landlord net income was up—but not as much as last year. The “rent freeze” rhetoric that dominated the housing debate during last year’s mayoral race was absent from yesterday’s...

New York, NY · 03-27
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brickunderground.com

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Cassidy Jensen joins Brick Underground as contributing writer

Hello, Brick Underground readers! I’m writing to introduce myself as a new contributing writer. I’ll be writing four stories per month about the ins and out of New York City residential real estate. When I’m not explaining housing for Brick, I work as a book researcher and freelance...

New York, NY · 03-26

bkreader.com

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State to Build 300 New Homes in Crown Heights

A Crown Heights parking lot used by the Metropolitan Transportation Authority will be transformed by the state into a new housing complex, ushering in about 300 new apartment units. Governor Kathy Hochul on Tuesday said the MTA is seeking proposals to transform an underutilized lot at 1119 Pacific Street into...

New York, NY · 03-25

hoodline.com

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Co-Living Player The Collective Crashes, Brooklyn And Queens Dreams Stall

The Collective, a once-ambitious co-living operator that lined up hundreds of planned units in Brooklyn and Queens, has officially buckled after a failed sale process, leaving several New York projects stuck in limbo. The wind-down highlights how a model built on shared amenities and aggressive growth assumptions struggled in the wake of pandemic-era occupancy drops and heavy debt.

Brooklyn, NY · 03-13

News 12

partner publisher · 479.1K followers

Last Saks Fifth Avenue on Long Island set to close in May

Huntington Station, NY · 03-12

therealdeal.com

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The Daily Dirt: Applying “tax the rich” to rent stabilization

A Daily Dirt reader proposed raising income taxes on high-income people in rent-stabilized units. “That would create more revenue and could create enough of a disincentive for those high-earners to move out into better quality housing, thus freeing up those apartments for people who really need them,” he wrote.

New York, NY · 03-11

therealdeal.com

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TRD PolicyPro: Mamdani pitches more real estate taxes, luxury building workers eye walkout

This story gives you a peek at the content coming to our new platform and newsletter, TRD Policy Pro. Sign up to get early access here. Good afternoon, let’s get into today’s news at the intersection of policy and real estate:. The mayor is quietly proposing more real...

New York, NY · 03-10

City Limits

publisher · 4.6K followers

New State Housing Vouchers Will Serve About 1,000 NYC Households. Lawmakers Say It’s Not Enough

A new rental assistance program launching this week will help some low income households afford rent. But its reach is far smaller than advocates hoped, and isn’t keeping up with the need, they say. It was a long wait for a small program. New York State’s Housing Access Voucher...

New York, NY · 03-06

spectrumlocalnews.com

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Food prices forcing New Yorkers to make hard budgeting choices, poll finds

Rising food costs are forcing a majority of New Yorkers to juggle expenses and make difficult household budget choices, according to a poll released Wednesday by No Kid Hungry New York, which also found a majority of respondents oppose federal cuts to the Supplemental Nutrition Assistance Program, or SNAP food benefits.

New York · 03-04

Gothamist

partner publisher · 28.5K followers

Mamdani faces deadline on NYC housing vouchers after reneging on campaign pledge

Mayor Zohran Mamdani The Mamdani administration has until later this month to issue a new proposal or request an extension to continue negotiations over what to do with a rental assistance program he is legally obligated to expand. [ more › ]

New York, NY · 03-03

NewsNation

partner publisher · 302.1K followers

NYC housing lottery: Buy an apartment for as low as $15K

Applicants must be New York State residents, and only one request may be submitted per applicant.

New York, NY · 02-26

therealdeal.com

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The Daily Dirt: Mamdani kicks off rental ripoff hearings

The rental ripoff hearings kick off on Thursday. Though posters for the hearings suggested more of a public brawl in an auditorium, they will be one-on-one sessions between tenants and city officials. This format was inspired by “The Mayor is Listening” event that Mayor Zohran Mamdani held at the Museum...

New York, NY · 02-26

We Are Utica

partner publisher · 2.7K followers

Why Does New York Have The Lowest Homeownership Rate?

With just over half of households owning their homes, New York's housing market paints a stark picture of affordability struggles.

New York · 02-22

WIBX 950

partner publisher · 38.5K followers

Why Does New York Have The Lowest Homeownership Rate?

With just over half of households owning their homes, New York's housing market paints a stark picture of affordability struggles.

New York · 02-22

mpamag.com

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Court says borrowers can't void mortgage after acquiring proper title

Borrowers who promise they own a property cannot back out of their mortgage just because their original title was defective, a New York court ruled. The Appellate Division, Second Department delivered the decision on February 18, reinforcing what many in the mortgage industry have long hoped: warranties in mortgage documents actually mean something.

Queens, NY · 02-20

News 12

partner publisher · 479.1K followers

Mott Haven affordable housing project to be first under new fast-track review

Bronx, NY · 02-20