NYC building workers and landlords reach deal, averting strike
More than 32,000 workers, including doormen, handymen, porters, concierges, and superintendents, now have a tentative contract deal with landlords that includes the biggest raise they have ever received — about 12% over four years.
NYC rent-stabilized apartments could see 9% price hike
One-year leases could see a hike between 2.7 and 4.5%, while two-year leases could jump between 4.3 and 9%.
US long-term mortgage rates rise; 30-year loan reaches 5%
Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation.
NYC doormen threaten to strike
New Yorkers living in some of the city's most expensive building may soon have to open their own doors and fend for themselves if doormen and other staffers go on strike.
Hochul signs $220B NY state budget, boosted by federal aid, surplus
The budget is set to boost pay for health care and home care workers, shave 16 cents off the cost of a gallon of gas through December and help New Yorkers with unpaid rent and utility bills.
Several arrested after standoff over dismantling of NYC homeless encampment
Activists were attempting to prevent city officials from dismantling a Manhattan homeless encampment as part of a new initiative by Mayor Eric Adams.
Homelessness, high rents, crime concern New Yorkers, survey says
A survey showed that New Yorkers want to see more police around but they don't necessarily want them to handle mental health cases. New Yorkers also are concerned about rising rents.
NYC rents skyrocket; landlords say 'don't blame us'
Rents went down when people moved out of New York City during the onset of the pandemic. But now demand is up and supply is down, causing rents to rise — in some cases by a lot.
Storm-resilient Queens oceanfront development moves forward
A $1 billion oceanfront development in Queens — touted as energy-efficient and storm-resilient — will include shops, apartments, community centers, and a nature preserve.
NYC eviction cases resume
New York City has a huge backlog of eviction and other housing-related cases.
Mayor Adams: NYC to remove homeless encampments from streets
New York City officials are planning to remove makeshift shelters set up by homeless people on city streets, mirroring similar efforts in other liberal metropolises that had previously tolerated the encampments.
Covenant House transformed after $82 million renovation
After undergoing an $82 million renovation, Covenant House New York provides young people experiencing homelessnes with much more than a safe haven.
NY lawmakers call for boost in funding for rental relief, utility debt and home care
New York's Democratic-controlled Assembly and Senate are both pushing to boost funding for housing and home care in this year's budget.
Affordable housing plan dropped from NY state budget
After opposition, Gov. Hochul has backed off a plan to allow single-family homeowners to turn parts of their residences into apartments, to create more affordable housing.
Gov. Hochul's single-family home proposal draws criticism, opposition
A provision in the state budget would allow single-family homes to be turned into apartments, to make affordable housing more accessible.
NYC rental prices up, availability drops
Apartments across the city are renting for an average of $2,700, up over 8 percent from 2020.
Long Island housing market stays red-hot
The median sales price for a Long Island home in December was $645K in Nassau and $525K in Suffolk County.
Bronx Building Explosion: Several homes uninhabitable after collapse, fire
The Bronx building explosion that destroyed a townhouse also damaged four other homes so badly that they aren't safe to live in, city officials said. The explosion and fire killed one person and injured several others.
New York's pandemic-era eviction moratorium expires
Advocates and landlords don’t expect a flood of evictions right away, as the state still provides some eviction protection, but advocates say the state is setting the ground for a homelessness crisis.
New York to reopen rent aid applications, halted since Nov.
The state stopped accepting rental assistance applications in November. New Yorkers who apply for rental aid are protected from eviction while the state reviews their applications.