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“Why Adams’ ‘moonshot’ housing plan needs private sector support” Last fall, New York’s Department of City Planning (DCP) proposed ambitious zoning changes intended to break the regulatory logjam that stops the city from getting the housing it needs. That was followed by a flurry of additional announcements, including Mayor Eric Adams’ “moonshot” goal of 500,000…
“How extreme rent rules deepen NYC’s housing crisis” A new state report shows that New York’s rent laws are deepening the city’s housing crunch. The state Office of Rent Administration found that more than 30% of all rent-stabilized apartments in New York City have “preferential” rents, meaning ones lower than the landlord is legally allowed…
“Even Twitter nixed Schiff censorship, putting weed over transit and other commentary” Law prof: Even Twitter Nixed Schiff Censorship Per the latest “Twitter Files,” when Rep. Adam Schiff (D-Calif.) demanded Twitter suspend his critics or label their content “misinformation” and reduce their visibility, the platform refused, cheers Jonathan Turley at The Hill. Even “at the…
“Manhattan home prices drop 5.5% — the first decline since pandemic” Manhattan apartment prices fell 5.5% year-over-year in the fourth quarter of last year — the first time that residential real estate values in the borough dropped since the second quarter of 2020. In the last quarter of 2022, co-ops and condominium apartments in Manhattan…
“How to solve New York City’s affordable housing problem” Today, The Post kicks off a weeklong series of op-eds offering constructive suggestions on how to improve New York City in 2023. Here, the first column looks at what can be done to solve the city’s problem of affordable housing. New York is in the throes…
“Will Kathy Hochul fight to win on her new housing agenda?” Gov. Kathy Hochul says she’s going to push hard to vastly boost New York’s housing supply to stimulate economic growth and attract new industries, vowing to use her State of the State Address next month to declare a state housing crisis in need of…
“‘Affordable housing’ wins will vanish if NY Legislature doesn’t replace 421a” All the cheers as the $2 billion Innovation QNS proposal clears hurdles in the City Council will fade if the plan falters because state lawmakers refuse to replace the expired 421a tax-exemption, which New York’s left all-out opposes. While the deal aims to create about…
“City Council approves largest ever affordable housing project in Queens after NYCFC soccer stadium” The City Council on Tuesday approved what is being called the largest private affordable housing project ever to be built in the borough of Queens — a 3,190-apartment complex along five blocks of Astoria. A projected 1,436 or 45% of the…
“Mayor Adams’ Willets Point development is a shot in the arm for Queens, the city” Mayor Eric Adams announced Wednesday a plan to build 2,500 new units of housing, a 250-bed hotel and a $780 million, 25,000-seat soccer stadium for the New York City FC near Citi Field in Willets Point, Queens. That’s a great deal for the…
“Why we need to tax million-dollar-home owners” To tackle the scourge of housing unaffordability, older, wealthier homeowners need to chip in Paul Kershaw is a policy professor at the UBC School of Population and Public Health. He is the founder of Generation Squeeze, a think tank that promotes well-being and fairness for Canadians of all…