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.
This research paper addresses concerns about whether the Price Index of Operating Costs accurately captures the effect of recessions, during which expenditures made by building owners may be reduced as they respond to economic uncertainty.
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).
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.
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.