Costs Threaten New York City Mayor’s Rent Plan

July 28, 2014 Rents have become increasingly unaffordable in New York City. NYC has been in a housing crisis for decades. A housing crisis, defined as under 5 percent vacancy rate, in NYC triggers an elaborate system of rent regulation. Rent regulation is not a subsidy program, but a system in which rents are regulated…

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…

By Ryan Hutchins 5:56 a.m. | Jun. 4, 2014 The line to get into the Alexander Hamilton U.S. Customs House stretched out the door for a good hundred feet one evening in early May. The tightly-controlled structure on the Bowling Green was not the best choice of location for a meeting that would turn out…

They are the dama gazelles of the New York City rental market. From a high of more than 2 million in the 1950’s, there are now only 27,000 “rent-controlled” apartments in the city – down from 38,000 just three years ago. Rent-controlled tenants live in buildings built before 1947 and have lived there continuously since…

With only 11 days until the 2014 general election, political junkies are watching the battle for the New York State Senate closely to see which party will control the chamber. But for tenants and housing advocates, this coming election is only the starting point: the real date to watch is June 15, 2015, the day…