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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A controversial Prospect-Lefferts Gardens development attracted protesters this week, angered over both the luxury project and the 421a tax abatement program. The Alliance for Tenant Power staged the rally against the 254-unit residential building at 626 Flatbush Avenue Thursday, according to Curbed. Around 75 protestors attended and politicians Diana Richardson and Shirley Patterson both spoke…
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…
Agency Rent-Regulation System Is More Tenant Friendly, Many Say By JOSH BARBANEL The state agency that oversees New York’s rent-regulation system in New York has changed the game, by making the rules more friendly to tenants, both landlords and tenant leaders say. Katie Goldstein, director of organizing for New York State Tenants & Neighbors …MORE…
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…
Families, minorities pushed out by waves of tenants who can pay more. June 25, 2014 By Solvej Schou For renters’ rights advocate Jean Folkes, the fight to maintain stabilized rents in increasingly pricey New York City—where rents average a massive $3,000 a month—is not only political but personal. The Brooklyn tenant has spent months passionately…
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…