#nyc-housing

#nyc-housing

Sunnyside Yard has all the ingredients that Trump could wish for. The project involves building a massive platform over the sunken tracks, which will require substantial federal funding. Amtrak owns much of the railyard, and the government effectively owns Amtrak, which means the president can largely set the terms.

The couple went from pricey New York City rent to a monthly mortgage, and, eventually, to an incredibly low housing payment when they paid off their mortgage early in 2024. For the past year and a half, their only housing expense has been the monthly maintenance fee that comes with co-op living. Business Insider reviewed public records filed with the New York City Register that confirm the couple's mortgage was paid off in September 2024.

Living in New York City requires a constant negotiation between what we owe our neighbors and what our neighbors owe us. In an ideal world, you and your neighbor would have a mutual understanding about why it's good for everyone to keep a clean building, but if she is indeed hoarding then it's hard to imagine she's able to give you what she can't even give herself. This is a pickle.

Prior to June, New York City renters were often charged a hefty fee, equal to a month's rent or more, to a broker before signing a lease on a new apartment, even if they found the unit by themselves without any help. That changed after enforcement of the Fairness in Apartment Rental Expenses, or FARE, Act began June 11. The new measure requires whoever hires the broker to pay their fee and to disclose all upfront costs.

Since 1960, New York has been in a state of housing emergency, meaning a vacancy rate of 5% or less; today the vacancy rate is 1.4%, which, in turn, has driven up housing costs higher than ever. According to Apartments.com, the average rent for an available studio apartment is around $3,270 per month. In 2021, 53% of households in the city were spending over 30% of their income on rent.

This week, the NYC Housing Calendar outlines important hearings and clinics, including discussions on NYCHA security and tenant protections, emphasizing community engagement.