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Data Updates
Where Have All the Foreclosed Properties Gone?
The stock of bank-owned, foreclosed properties in New York City has declined from a high of 2,095 properties in 2009 to 684 properties by the end of 2012.
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Reforming Fannie & Freddie | World’s Least Affordable Housing Market | Air Rights for Port Authority
Port Authority explores developing air rights as Midtown Rezoning discussions begin; Despite large gains nationally, Manhattan’s housing markets remain surprisingly flat.
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Tenants Fight Harassment | Penn Station Politics | Distressed Buildings to be Rehabbed
Apartment seekers will have easier access to building’s sordid history; Penn Station becomes a hot issue is NYC mayor’s race; Extremely distressed Bronx buildings to receive gut rehab and remain affordable to current residents through a city-brokered deal; Public school advocates clash with Chicago mayor over sports arena.
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Data Updates
Feel the Squeeze
Not just your imagination; it really is getting more expensive to live in New York City.
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NYC Budget Aids NYCHA | Rebuild by Design | Higher Rents for Rent-Regulated
NYC’s Rent Guidelines board approves 4% rent hike for rent-stabilized apartments, the largest increase for one-year leases since 2008; Newly approved budget aids NYCHA after $205 million in sequester cuts.
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Expanded Evacuation Zones | Millionaire Tax Breaks | Foreclosure Violations
New York City adds 600,000 residents to mandatory evacuation zones; state legislation quietly singles out five New York City luxury developments for tax breaks that could cost the city tens of millions; A new study agrees with Attorney General Eric Schneiderman that big banks have violated the terms of the mortgage settlement.
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Data Updates
Growing More Than Greens
Turns out New York City’s community gardens grow more than just flowers and vegetables. After opening, these plots have shown a positive impact on surrounding property values, which grows steadily over time, especially in low income communities.
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Manhattan’s Pieds-à-Terre | Rent Freezes | FEMA Flood Zones Shrink
In reverse migration, pieds-à-terre and summertime city dwellers trending in Manhattan; Candidates Quinn, de Blasio & Liu advocate rent freezes at public hearing; Builder confidence reaches positive territory for the first time in 7 years.
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NYC’s Housing Shortage | Bloomberg’s Storm Plan | NYCHA’s Looming Cuts
This edition: NYC’s housing shortage, Bloomberg’s plan to protect NYC from rising sea levels, falling rents in Brooklyn, and deceptive housing discrimination.
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Data Updates
Gossip Girls or Golden Girls?
Although the recently wrapped show Gossip Girl portrayed the Upper East Side as a playground for the young, rich, and beautiful, the neighborhood is actually home to the most rapidly aging population in New York City.