In just the first 12 days after NYC’s ADU pilot program was announced, more than 1,300 homeowners applied to participate in it.
States: New York
NYC’s pilot program to boost ADU construction has a problem: It’s a needlessly expensive way to build very little housing.
The New York City Council is considering two new housing bills that would do more harm than good, if passed.
Owners of rent-stabilized apartments are facing a financial crisis, according to reporting by Bisnow.
New York City Mayor Eric Adams has proposed a new housing plan, aiming to build 100,000 new homes over the next 15 years.
New York City’s Mayor, Eric Adams, released a plan last month to address the city’s housing shortage.
New York City is the biggest city in America, with a population of 8.5 million people. Yet according to a new report released by the New York Building Congress, the city is on track to complete just 11,000 new housing units this year.
In a recent op-ed, former New York Lieutenant Governor Betsy McCaughey writes, “The evidence is in: Rent regulation is a political scam. There are better ways to help Americans afford a place to live.”
Newsday’s Sarah Trangle reports on the hardship being felt by some property owners.