Tag: Affordable housing

2019 October A More Affordable New York? By A.J. Sidransky

Housing affordability – or un affordability, depending on your relative net worth – has always been a hot topic in New York City.  Today’s housing market is no different – though in recent years, thanks to a combination of factors both e…

2019 September 421-a Tax Abatement Spared Via Revised Rent Regulation Bill By Mike Odenthal

The viability of the 421-a tax abatement was up in the air last month as the New York State Senate passed sweeping reforms via a rent regulation bill which has caused quite a stir in the real estate community. After pushback from developer…

421-a Tax Abatement Spared Via Revised Rent Regulation Bill By Mike Odenthal

The viability of the 421-a tax abatement was up in the air last month as the New York State Senate passed sweeping reforms via a rent regulation bill which has caused quite a stir in the real estate community.  After pushback from …

Study: High Housing Costs Hurt Quality of Life By David Chiu

According to a recent report from the New York State Comptroller's Office, high housing costs  negatively impact the quality of life for millions of homeowners and renters. In the study titled “ Housing Affordability in New York State …

An Antidote to NYC’s Affordable Housing Crisis? By A.J. Sidransky

Like many other American cities, New York City is currently mired in an affordable housing crisis. And the situation seemingly grows more dire by the day. As Gothamist reported earlier this year, weakened rent laws and economic pressure…

3 People in Charge of Application Process at Mitchell-Lama Co-op Indicted By David Chiu

Three officials responsible for the application process for purchasing Mitchell Lama co-ops in Coney Island were indicted for allegedly accepting bribes from applicants who wanted to buy into affordable housing The 78-count indictment …

Study: Most New Yorkers Are Shut Out of Buying a Home By David Chiu

Thanks to rising home prices a decade after the foreclosure crisis, it has become harder for most New York families to buy a home, the New York Post reported. According to the non-profit Center for NYC Neighborhoods (CNYCN) study, …

First Project Under City's New Affordable Housing Plan Breaks Ground By Mike Odenthal

In December of last year, The Cooperator  reported on the Open Door initiative, a part of New York City Mayor Bill de Blasio's ' Housing New York 2.0 ' plan to promote affordable housing. Open Door aims to fund construction of co-ops …

2 New Programs to Give NYC Homebuyers and Homeowners a Break By David Chiu

Homeownership in New York City is about to get easier for first-time homebuyers, while existing yet struggling homeowners are getting help in fixing their homes This past Monday, the city announced two new initiatives , Open Door …

How Rezoning Can Change a Neighborhood from Industrial to Residential By Georgia Kral

Change is constant in New York City: people move in and move out; businesses open and close; buildings go up… and up and up. The reasons for change are varied, but one factor in why neighborhoods  -- especially in Brooklyn -- have been cha…