Connect

Spectrum News NY1: “Adams, planning commissioner discuss plan to modernize zoning rules”

This week, New York City Mayor Eric Adams and Commissioner of City Planning Dan Garodnick emphasized the “need to modernize” city zoning rules under Adams’ “City of Yes” plan.

The New York Times: “New York Nears a Housing Deal to Confront Affordability Crisis”

After a weekend of closed-door talks with Governor Hochul and legislative leaders, New York lawmakers have come to an agreement on a legislative plan addressing the state’s pressing housing crisis.

The Wall Street Journal: “How to Kill New York’s Rental Housing Market”

In this recent opinion piece, the WSJ Editorial Board argues that New York Governor Kathy Hochul’s proposed Good Cause Eviction standards equate to universal rent control and will be grossly ineffective as they “increase disincentives for investment” and “layer on subsidies.”

Forbes: “New York City Housing Shortage Highlights Need For More Development”

A recently released study from the New York City Department of Housing Preservation and Development confirms that the demand for housing in the city is outpacing supply and, as a result, rents are climbing.

The New York Times: “To Fix a Housing Crisis, New York Leaders Seek to Revive a 1950s Idea”

New York state senators are set to propose a legislation package this week encouraging new housing development, reviving past initiatives for affordable housing construction and establishing a new public benefit corporation to finance housing projects on state-owned land.

Market Realist: “Landlords are Concerned as Rent Control is Being Adopted Again to Tackle the Housing Crisis”

As many states struggle with housing affordability, some lawmakers are again proposing new or expanded rent control regulations… and it’s backfiring.

Bloomberg: “Why NYC Apartment Buildings Are on Sale Now for 50% Off”

Stricter rent control policy is erasing a reported $75 billion in property value across New York City.

Bisnow: “Fewer Than 10,000 New Housing Units Were Proposed By NYC Developers In 2023”

In his first year as New York City’s mayor, Eric Adams released a plan to build 500,000 new housing units in the city by the end of the decade.

Reason: “New York’s Rent Control Law a Windfall for Rich Homeowners”

Wealthy New Yorkers with multi-million-dollar homes in the Hamptons are snagging rent-controlled apartments in New York City, paying rents far below market rate.

New York Daily News: “NYC sees massive demand for accessory housing pilot”

In just the first 12 days after NYC’s ADU pilot program was announced, more than 1,300 homeowners applied to participate in it.

STAY INFORMED

Join Our Email List

Managed by Immediate Bitwave

Managed by Immediate MSpark