E.D. of https://t.co/DJk0UzWM2d All tweets my own. Advocate of more housing. Advocate of better housing. Believe it or not, I’m an optimist. Go Bills!podcasts.apple.com/us/podcast/hou… New York, USAJoined October 2013
With this preliminary range we are heading towards rent adjustments below inflation for a 10th straight year.
Last time adjustments were above inflation was 2013.
This is not sustainable.
Where the CM represents buildings have seen operating cost drops of 18%.
Hes calling for a “rent rollback” on top of that.
This is the defunding of affordable housing .
Where the CM represents buildings have seen operating cost drops of 18%.
Hes calling for a “rent rollback” on top of that.
This is the defunding of affordable housing .
It’s that time of year where I remind everyone that the rents, and financial health of buildings shouldn’t be decided by a process akin to “Thunderdome” where board members are screamed at to ignore data.
It’s a problem created by lawmakers who take no role in the chaos they…
It’s that time of year where I remind everyone that the rents, and financial health of buildings shouldn’t be decided by a process akin to “Thunderdome” where board members are screamed at to ignore data.
It’s a problem created by lawmakers who take no role in the chaos they…
Jay Martin, executive director of the landlord group Community Housing Improvement Program, said that it would be “unconscionable” to exclude HAVP from the budget. “It seems like a missed opportunity that the state wouldn’t at least start the program at $250 million, make sure…
The Housing Access Voucher Program can be a lifeline for renters and it needs to pass before Albany ends session.
The state has the money.
It has the support.
Let’s get it done.
Every word of this piece explains why affordable housing is broken in New York.
Cost, like water, finds its level. It doesn't just disappear if you block it in one aspect; it finds its way into every crack and surface. A far quicker way to obtain more affordable housing of…
The Bronx has seen an operating income drop of 18%
Queens has seen a drop of 7%
The is the 3rd straight year of decline city wide.
1 in 10 rent stabilized properties are already insolvent.
Calling for a freeze when insurance cost alone have increased by 30%+ isn’t only…
The Bronx has seen an operating income drop of 18%
Queens has seen a drop of 7%
The is the 3rd straight year of decline city wide.
1 in 10 rent stabilized properties are already insolvent.
Calling for a freeze when insurance cost alone have increased by 30%+ isn’t only…
Rent Stabilization caps revenue but does not cap expenses.
Everyone is then outraged that the quality of this housing struggles.
It’s like suffocating someone and being shocked when they turn purple. And then getting mad at them for it.
If this system is ever going to work…
Don't miss @nyc_chip's @jaymart222 when he takes the stage at #TRDForum on May 8th to discuss New York's housing deal, and the realities of developing (or not developing) new housing in NYC.
Get your tickets here: bit.ly/3WzQyrh
Spoke to the great @sarbetter about how the IAI system really isn’t the best way to keep buildings funded and maintained, and how HAVP not being in the budget was a big missed opportunity.
NYC landlords unhappy with state budget spectrumlocalnews.com/nys/capital-re…
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