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NYC Builds it Back | NYCHA’s Backlog | The Gentrification of Rio
This edition: Bloomberg details Sandy recovery program “NYC Build it Back”; L+M Development Partners and Citi Community Capital create affordable housing fund without traditional government subsidies; and NYCHA’s seeks to clear repairs backlog by year’s end.
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News & Events
Upcoming Event: FC’s Max Weselcouch to Speak at ‘Beyond Resilience: Actions for a Just Metropolis’
This Saturday, June 8th, the Furman Center’s Data Manager and Research Analyst Max Weselcouch will be presenting at New York’s Beyond Resilience:Actions for Just Metropolis Conference. Max’s panel presentation will be part of a four-part panel series Saturday on Challenging Gentrification and Market-Based Planning.
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News & Events
Jessica Yager Presents on New York’s Foreclosure Crisis
Furman Center Policy Director Jessica Yager presented yesterday at the Coalition for Debtor Education Conference at Fordham University School of Law. On a panel entitled, “The Mortgage Crisis: It Ain’t Over ‘Til It’s Over”, Jessica discussed New York City’s foreclosure crisis.
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Data Updates
In NYC, New Housing Development Looks Promising
Indicators of new housing development in New York City appear strong, according to a new housing report released today by the Furman Center.
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Obama & Christie Tour Hurricane Recovery | De Blasio Opposes Rent Freezes
This edition: NYCHA hopes new Harlem Children Zone school will inspire private development on its unused land; DCP proposes zoning changes to assist owners in “storm-proofing” multistory buildings; and Obama & Christie tour hurricane recovery on the Jersey Shore.
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AirBnb Faces Setback & Brooklyn | Bronx Tenants Demand Affordable Housing
This edition: AirBnB activity ruled illegal by NY judge; Tenants in the Bronx, Harlem and Brooklyn protest lack of affordable housing and attacks on rent stabilization; SoHo restaurants burdened with rent hikes.
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News & Events
Mark Willis Testifies in US Senate
Furman Center Resident Research Fellow Mark Willis testified on opportunities to bring private capital back into the mortgage market before the Securities, Insurance, and Investment subcommittee of the US Senate Committee on Banking, Housing, and Urban Affairs.
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Mortgage Settlements Reviewed | Who Will Follow Amanda Burden | Suburbanization of Poverty
This edition: delays are slowing payments owed to homeowners in mortgage settlements; the real estate community is floating names to succeed Amanda Burden; and research shows suburbs as growing poverty concern.
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Hotel Extensions for Sandy Victims | Mid-Year Stuy-Town Rent
This edition: a New Jersey court stops Governor Christie from balancing the state budget with affordable housing funds; a judge extends the hotel program for Superstorm Sandy evacuees; and experts warn of a new housing bubble.
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Positive Outlook from Obama | Post-Sandy Flood Insurance | Airbnb’s Popularity Grows
This edition: Obama discusses housing recovery in his weekly address; a new federal law causes a spike in flood insurance premiums; and One World Trade becomes the nation’s tallest building with the spire’s installation.