The Public Housing Preservation Trust, created in 2022, announced the closing of a $607 million deal to renovate over 1,000 apartments at Brooklyn’s Nostrand Houses. It’s the first project financed…
A new version of the heavily criticized expired J-51 property tax incentive is back. Advocates argue it will encourage landlords to renovate apartments and will help them afford the upgrades…
The city’s lawmakers and housing agency seem poised to reintroduce and pass a more affordability-focused J-51 tax program to help fix up apartments—but some housing stakeholders are lukewarm on the…
“Ending the ability to combine units will lead to less housing, not more. You cannot regulate your way out of a housing affordability crisis. You need to build your way…