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New York City Faces Escalating Housing Crisis as Thousands Fall Behind on Rent

Pro Builder

New York City Faces Escalating Housing Crisis as Thousands Fall Behind on Rent ldeakins Tue, 01/24/2023 - 11:39 The New York City Housing Authority collected its lowest share of rent payments on record in 2022, and as housing costs continue to soar, the agency faces a dire financial crisis Over 1,600 public housing agencies across the U.S.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

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How Rent Control May Actually Be Hurting Cost-Burdened Tenants

Pro Builder

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

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Manhattan developers could be forced to demo 20 floors from top of luxury condo

Construction Dive

Legal action taking aim at permits being granted in an alleged zoning loophole could put the nearly complete project's financing in jeopardy and affect at least 20 other projects in New York City.

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A Quarter of American Homeowners Are Considered ‘House Poor'

Pro Builder

The study revealed that Miami, Los Angeles, and New York City have the highest share of “house poor” residents, with more than four in 10 homeowners in each city exhausting their household incomes on housing costs. are considered “house poor,” meaning they spend more than 30% of their income on housing costs.

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Critics Question ‘Housing First’ Approach as Homelessness Crisis Worsens

Pro Builder

Despite rising budgets to combat homelessness in New York City and California, the national crisis has improved by just 10% compared with 2007. In 2019, New York City spent a record-breaking $3 billion to support its homeless population. “The Housing Policy + Finance. Housing Policy + Finance.

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ReportL 2020 Sees Dip in Tall Building Completions

Construction Junkie

Central Park Tower, New York City. For the second straight year, the world has seen a decrease in the number of tall buildings completed, according to a new report from the Council on Tall Buildings and Urban Habitat (CTBUH). Photo by Itrytohelp32 , CC BY-SA 4.0.