Why is NYCHA’s rent collection rate falling?
Federal rent increases, lead abatement work, longer time to rehabilitate apartments, may play a role
Rabsky Group seeking city air rights to greatly expand DUMBO project
NYC DOT has 218K sf that could be added to Rabsky’s 157K site adjacent to
Rent Guidelines Board issues conflicting NOI data for regulated apartments
One analysis said NOI rose by 0.4%; another showed NOI declined by 5% By Adam
HUD’s Section 8 subsidizes $9K monthly rents at Vornado’s Independence Plaza
Federal government pays millions to landlords above regular subsidy caps HUD dollars bridge conflicting policy
NYCHA’s rent collection rate falls for third consecutive year
Declined to 91.4% even as administration tweaked policy to boost it By Adam Pincus The
Dynamic Star acquires Bronx riverfront parcel for $31.5M
Brad Zackson hired Greenberg Traurig to plan, lobby for a rezoning of this and 11
$1B-plus in take-out financing likely for Tishman, Rockrose, in LIC this year
Developers have opened large rental towers in growing Queens market By Adam Pincus Tishman Speyer
L+M, Monadnock, dominate in struggle to build city-financed housing
Annual total rising for grants and loans By Adam Pincus The $644 million the City
How Brookfield prices one-time poster child of “predatory equity” at $1.5B
NOI up 70pct since 2008, tenants churn, rents rise, no public pushback from NYC By