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NYC Hit Record for Subsidizing Affordable Housing in 2023

New York City developers broke ground on a record number of subsidized affordable homes in 2023. ....

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Hochul Proposes Four-Year Extension to 421a, $650M 'Pro-Housing' Fund in State Budget – Commercial Observer

New York Gov. Kathy Hochul wants the state to budget in a few carrots, and not many sticks, to encourage housing construction this year. ....

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Urban Standard Capital Makes $38M Construction Loan on Crown Heights Rental – Commercial Observer

Haussmann Development has secured $38.5 million in construction financing to build a 76-unit rental property in Crown Heights, Brooklyn. ....

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Hochul Issues Executive Orders to Tackle New York's Housing Crisis

Gov. Kathy Hochul is going solo in an attempt to hasten the construction of affordable housing in New York. ....

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Sunday Summary: McKinsey's $800 Billion Bombshell

A report predicts that the future is hybrid and will lay waste to urban office and retail corridors. But inflation is down and sales are up! ....

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