Category: Affordable Housing

In an Uncertain World, New York City Real Estate Remains a Sure Thing

With stability in the greatest city in the world, low interest rates, great values in certain neighborhoods, New York City has never been a wiser investment. Amid Brexit, terror, war and a U.S. presidential election unlike any has ever seen, the real estate market remains a beacon of stability. While buying has slowed somewhat, the market as a whole has returned to “normal.” New...

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New York City Council Approves East New York Rezoning Plan

Will New York City actually build enough affordable housing? The New York City Council on Wednesday, by a vote for 45 to 1, approved rezoning for East New York. This is significant since it is a major component of Mayor Bill de Blasio’s affordable housing plan. The Real Deal reported that the rezoning will generate 6000 more apartments. The rezoning legislation includes mandatory...

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