Pilot program launched to provide funding for community-based organizations to jointly coordinate anti-displacement initiatives – such as code enforcement, tenant organizing and education, legal representation, affirmative litigation, and other strategies – in these neighborhoods.
Housing is considered affordable if it costs about one-third or less of what the people living there earn, also known as Area Median Income (AMI). The 2021 AMI for the New York City region is $107,400 for a three-person family (100% AMI).
The city’s diminishing stock of rent-stabilized apartments is highly sought after by prospective tenants because these regulated units often rent at below-market rates and offer a variety of tenant protections including the right to lease renewal.
IBO has analyzed data for apartments registered with preferential rents from 2010 through 2017 to quantify their prevalence and their relationship to tenant stability.
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.
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 signs two pieces of affordable housing legislation, extending the city’s critical rent stabilization protections and strengthening data collection and reporting on a critical eviction prevention program.