Tag: housing-crisis

City Council greenlights major Atlantic Avenue rezoning

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May. 29, 2025 By Anna Bradley-Smith A major rezoning plan that will dramatically reshape a swath of central Brooklyn — replacing low-lying industrial buildings with apartment towers containing potentially thousands of new units, including affordable ones — was approved by the City Council on Wednesday. The Atlantic Avenue Mixed-Use Plan rezones approximately 21 blocks along…

6 million applicants for 10,000 units: Housing lottery leaves out New Yorkers most in need

affordable housing LIC

May. 15, 2025 By Shane O’Brien New York City’s housing crisis is no secret and the city’s low-cost housing landscape remains extremely difficult to navigate, including a housing lottery system theoretically devised to provide a solution for the dire need for accommodation. A problem that has been brewing for decades, the housing crisis continues…

New York’s housing crisis: Why building alone won’t solve it

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Apr. 28, 2025 By Cate Corcoran While rents fell during the COVID pandemic, they climbed even higher two years later. While some contend that what is needed to ease New York City’s affordable housing crisis is more units at any price point, others say the focus should be on creating housing affordable to those…

Gov. Hochul says 71,000 new apartments in pipeline thanks to extension of 421-a deadline

kathy hochul 421-a announcement

Oct. 16, 2024 By Adam Daly Gov. Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the pipeline, including…

‘Education is key’: housing leaders spread knowledge, empowerment in East New York

Jul. 13, 2023 By Isabel Song Beer

In East New York, where more than one-third of residents pay 50% or more of their income in rent and the poverty rate is nearly 30%, some residents and community activists were disappointed when Albany failed to pass what they called “meaningful housing reform laws” in the most recent legislative session.