With landlords facing higher costs for property maintenance, a rent regulation panel approved some of the largest increases for rent-stabilized units in nearly a decade. Source: New York Times
Posts published in “Renting and Leasing (Real Estate)”
Adams Announces Plan to Fix New York City’s Growing Housing Crisis
By Gotham Rex on June 14, 2022
Mayor Eric Adams laid out a blueprint to increase homeownership, reduce street homelessness and improve public housing. But housing groups say his budget, $1 billion short of what he had promised, will not be enough. Source: New York Times
Their Solution to the Housing Crisis? Living With Strangers.
By Gotham Rex on June 1, 2022
Thrown together by New York City’s brutal housing market, these roommates find a way to get by — even in close quarters. Source: New York Times
N.Y.C. Companies Are Opening Offices Where Their Workers Live: Brooklyn
By Gotham Rex on May 30, 2022
As workers return to the office, some companies have relocated to ease the commute. Source: New York Times
For New York to Get Better, Times Square Has to Get Worse
By Gotham Rex on May 28, 2022
The economic future of New York depends on everyone coming back, not just the tourists. Too bad office workers don’t want to join them. Source: New York Times
How Do You Find an Apartment in N.Y.C. These Days?
By Gotham Rex on May 28, 2022
Apartment hunting in the city has never been easy, but now the search has become seemingly impossible as prices soar. Readers told us about their pandemic housing struggles — and eventual successes. Source: New York Times
Discrimination Weakens Tool for Reducing N.Y. Homelessness, Lawsuit Says
By Gotham Rex on May 25, 2022
Vouchers, which help people afford rent, have long been seen as a key to solving the nation’s housing woes. But in New York City, a broken oversight system is undermining their effectiveness, advocates say. Source: New York Times
Rents May Rise as Much as 6 Percent for Some N.Y.C. Tenants
By Gotham Rex on May 6, 2022
In a preliminary vote, the Rent Guidelines Board approved the biggest increases in nearly a decade. Source: New York Times
In New York, Panel Backs Rent Increases for More Than 2 Million
By Gotham Rex on May 5, 2022
The city board that sets rents on most regulated apartments may be considering some of the highest increases in years. Source: New York Times
Looming Rent Increase of Up to 9 Percent Tests Adams’s Housing Priorities
By Gotham Rex on May 4, 2022
Some Democrats are calling proposed increases for New York City’s roughly one million rent stabilized apartments “unconscionable.” Mayor Eric Adams says he wants to support small landlords. Source: New York Times
How 2 Industries Stymied Justice for Young Lead Paint Victims
By Gotham Rex on March 29, 2022
The U.S. insurance and real estate industries have waged a decades-long campaign to avoid liability in lead cases, helping to prolong an epidemic. The cost for millions of children has been incalculable. Source: New York Times
He’s Been a Killer and a Mob Associate. Is He a Hit Man?
By Gotham Rex on March 24, 2022
George Bratsenis appears in a New Jersey court today to enter a plea in a murder-for-hire case. Source: New York Times
Treasury Shifts Cash Among States as Pandemic Housing Aid Dries Up
By Gotham Rex on March 16, 2022
The Biden administration pulled back the aid from states and counties with unspent funds and diverted it to four states pressing for more: California, New York, New Jersey and Illinois. Source: New York Times
This Price Surge Really Hits New Yorkers Hard
By Gotham Rex on March 7, 2022
Rents are spiking in the city, especially in wealthier neighborhoods, where they have gone up by 40 percent. Source: New York Times
New York’s Ban on Evictions Is Expiring. What Happens Now?
By Gotham Rex on January 14, 2022
The moratorium’s end presents Gov. Kathy Hochul with a potential challenge as she prepares to run for a full term. Source: New York Times