Press release for IBO's report "How Much Has the City Spent on One-Time Homelessness Prevention Payments for Rental Arrears." Contains a link to the report and a summary of key findings.
With concerns about rent stabilized apartments sitting vacant making headlines, the New York City Independent Budget Office (IBO) today released its study of apartment vacancies using New York State Homes and Community Renewal (HCR) data from 2017 through 2022.
MAYOR ADAMS SIGNS FIVE BILLS STRENGTHENING CRIMINAL JUSTICE PROGRAMS, ENSURING MENTAL HEALTH SERVICES ARE PROVIDED TO FAMILIES LIVING IN SHELTERS, AND SAVING LOW- AND MODERATE-INCOME HOMEOWNERS MONEY.
New York City Mayor Eric Adams and New York City Councilmember Justin Brannan today toured 160 Water Street, an office building being converted to housing in Lower Manhattan.
We have about 10 million square feet of real estate in our commercial corridors and areas. And here's an opportunity where there's a match. We are living in a new environment post-Covid. We're not sure if we're going to use all the office spaces.
And so we're excited about the challenges that are in front of us, particularly around affordable housing. And that's why last year we declared that New York City will lead the way on housing in America.
The Mayor's Press Office releases information about notable events and actions taken by the Mayor, as well as transcripts of all media conferences, radio shows, and ceremonies that the Mayor attends.
New York City Mayor Eric Adams today appointed Nestor Davidson as the chair of the New York City Rent Guidelines Board (RGB). Davidson is an expert in affordable housing and land use law and brings decades of experience in government and academia to the role.