Costs Threaten New York City Mayor’s Rent Plan
De Blasio Wants to Give Rent-Regulated Tenants a Holiday From Rent Increases This Year
By JOSH BARBANEL
Mayor Bill de Blasio’s push to give rent-regulated tenants a holiday from rent increases …MORE
By JOSH BARBANEL
Mayor Bill de Blasio’s push to give rent-regulated tenants a holiday from rent increases …MORE
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Deadline looms for Urban American and City Investment Fund to recapitalize or break up package March 05, 2014 04:58PM By Adam Pincus An affiliate of the property giant Brookfield Properties is the leading bidder to buy a large stake as part of a refinancing of a $1 billion apartment portfolio in Upper Manhattan and Roosevelt…
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…
Tenant activists are taking aim at one Democratic state senator for his close ties to the city’s real estate industry. Alliance for Tenant Power, a liberal pro-tenants organization, is planning a series of tweets and Facebook memes blasting State Senator Jeffrey Klein, a Bronx Democrat and leader of the Independence Democratic Conference. The group is…
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…
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,…
Mayor Bill de Blasio is calling for an overhaul of housing programs and tax incentives to spur the construction of tens of thousands of apartments for poor New Yorkers, as well as teachers, firefighters and other workers, who increasingly find themselves priced out of a booming real estate market and rapidly gentrifying neighborhoods. …MORE Citation…