Remove 2022 Remove Housing Remove Legislation
article thumbnail

Tackling New York City’s Housing Crisis is a ‘Shared Responsibility’

The Stoop (NYU Furman Center)

Top New York City officials urged state leaders in Albany to provide the necessary funding and legislative support to build additional housing as the city contends with its worst housing crunch in over 50 years. "We The framework aims to enshire fair housing into law to ensure that every New Yorker has equal and fair housing.

Housing 109
article thumbnail

Lessons from 2022 VAD Academy

Center for Community Progress

On June 15, more than 900 people joined us for the 2022 VAD Academy —a day-long virtual bootcamp for professionals and community partners whose work and communities are impacted by vacant, abandoned, and deteriorated (VAD) property challenges. Identify untapped market potential to build stronger housing markets. Couldn’t join us?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Revisiting the Community Land Trust: An Academic Literature Review

Community and Economic Development Program of UNC

Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.

Housing 91
article thumbnail

Celebrating 20 Years of Land Banks in Michigan

Center for Community Progress

The Detroit Land Bank Authority (DLBA) is the nation’s largest land bank, with over 75,000 properties in its inventory as of 2022. One facet of the legislation stipulated that Michigan land banks must be created by intergovernmental collaboration between a county and the state land bank. Why are there so many land banks in Michigan?

article thumbnail

Data Analysis: What 421-a Extension Requests Tell Us about the Future of Multifamily Housing Development in NYC

The Stoop (NYU Furman Center)

Projects relying on the 421-a completion extension in tandem with Mandatory Inclusionary Housing (MIH) are expected to deliver both more housing and deeper affordability to several neighborhoods across the city, according to a recent data analysis by the NYU Furman Center.

Housing 52
article thumbnail

Two words: vacancy tax | NYC: More than 60,000 Rent-Stabilized Apartments Are Now Vacant

Rebuilding Place in Urban Space

From the article: During a worsening housing affordability crisis, New York City landlords are keeping tens of thousands of rent-stabilized units off the market — a phenomenon tenant activists call “warehousing.” The Housing Stability and Tenant Protection Act of 2019 (HSTPA) repealed both vacancy bonuses and vacancy decontrol.

Housing 52
article thumbnail

Five Principles for a New 421-a Property Tax Exemption

The Stoop (NYU Furman Center)

A property tax exemption in New York City is necessary to make rental housing development financially feasible across the city’s varied markets, according to a new policy brief by the NYU Furman Center. A significant portion of New York City’s newly built housing has relied upon a 421-a exemption.

Housing 64