House Flippers Continue to Target East New York. Residents Blame the 2016 Rezoning

Home prices in the predominantly Black and Latino neighborhood began to tick up before then-Mayor Bill de Blasio announced plans to rezone 190 blocks in 2014. But affordable housing advocates and local residents say the rezoning, approved in 2016, only drove more speculators to scoop up homes, jack up prices and push out existing residents.