Costs Threaten New York City Mayor’s Rent Plan

JULY 7, 2014 As housing costs across New York City skyrocket, rent stabilization is often one of the only protections keeping low-income, working-class and middle-class folks in their neighborhoods for the long-term. Yet, on June 23rd, New York City’s Rent Guidelines Board voted for a rent increase for the city’s 2.5 million rent-stabilized tenants. Ignoring…

Thursday, August 21, 2014 By Janet Babin : Economic Development Reporter, WNYC News Mayor Bill de Blasio set an ambitious affordable housing agenda, promising the city he would build or preserve 200,000 units of affordable housing over the next decade. The administration has made clear that a majority of those units will come from preserving…

The mayor faces serious challenges to his agenda on affordable housing, rezoning and neighborhood development October 01, 2014 By Adam Pincus Nobody ever said the job would be easy. But as Mayor Bill de Blasio moves deeper into his tenure, the challenges he’s facing on the real estate front are coming into greater focus. Despite…

Over in Prospect-Lefferts Gardens, a group of protestors led by the Alliance for Tenant Power recently staged a rally against 626 Flatbush Avenue, a luxury high-rise currently taking shape near Prospect Park. The event was held in part to protest the ever-controversial 421-a tax abatement program, which developer Hudson Companies falls under. According to Gothamist,…

Did you know that 80 percent of poor renters in rent-regulated apartments pay rent that is more than 50 percent of their income, up from 64 percent in 2005?* Statistics like these illustrate the pressing need to address the issues surrounding affordable housing and renters’ rights. In the August 3 episode of “Represent NYC,” State…