The Stoop »
The latest news and analysis from the NYU Furman Center.
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Research & Policy
Challenges and Opportunities for Hotel-to-Housing Conversions in NYC
In a new working paper, the NYU Furman Center’s Noah Kazis details essential background information on the matter of hotel-to-housing conversions. He highlights the regulatory constraints on conversions, what types of properties would be more feasible to convert, and how new state interventions could impact the effort.
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News & Events
By the Numbers: Renters and Recovery
Each year, the NYU Furman Center publishes The State of New York City’s Housing and Neighborhoods report, a compilation of data and analyses looking at trends in housing development, homeownership, the rental market, and dozens of other indicators illustrating how New York and its neighborhoods changed over the past year. On May 26th, we hosted a virtual event to celebrate the launch of the 20th edition of the report. By the Numbers: Focus on Renters and Recovery, focused on an original dataset showing rent payment rates in a large sample primarily consisting of units in New York City’s affordable housing portfolio. Because most of the units in the sample require means-testing, this data provides a snapshot of the economic health facing low-income renters during the COVID-19 pandemic.
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Research & Policy
Rent Regulation for the 21st Century
A primary goal of rent regulation is to protect low-income renters from unexpected spikes in their monthly housing costs. As a solution to housing instability, however, rent regulation has several potential drawbacks: it can reduce the overall supply or quality of rental housing; it can create a two-tiered system that leaves tenants in unregulated housing unprotected; and it often benefits higher-income, rather than lower-income households. The policy brief instead recommends pairing broad-based anti-gouging rent regulation paired with targeted subsidies as the best way to stabilize low-income renters while avoiding the drawbacks of strict, broad rent regulation and means testing.
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Research & Policy
Bolstering the Housing Safety Net: The Promise of Automatic Stabilizers
In a new paper published by the Brookings Institution’s Hamilton Project, Robert Collinson, Ingrid Gould Ellen, and Benjamin J. Keys propose three stabilizers that build on the lessons of the Great Recession and COVID-19 pandemic to backstop housing before the next crisis hits.
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Rent Payments in a Pandemic: Analysis of Affordable Housing in New York City
One of the most pressing housing policy questions in the wake of COVID-19 is how rent payment rates have changed during the pandemic. In a new report, we analyzed rental payments from over 18,500 primarily below-market rate units from New York City to understand how renters’ payment rates and rental arrears evolved during the health crisis.
