NYC metro area on pace to lead nation in new apartments constructed in 2024: report "With 32,935 new rentals expected to be completed by the end of the year, the New York City metropolitan area is on pace to have the most completions for a third consecutive year. The fact that the city has been dealing with a shortage of rentals has led to a need for these apartments to be built and completed as soon as possible." (QNS)
Housing crisis: New NYC task force aims to find city-owned land to build new homes "The Adams administration has pledged to develop 500,000 new housing units over the next eight years to address the city’s ongoing housing crisis, which has witnessed the apartment vacancy rate plunge to its lowest level since 1968 (1.4%), sending rents skyrocketing citywide, and inducing severe economic strain among renters." (amNY)
More than 1 million New Jersey renters and homeowners to be notified of tax relief "The rebates are part of New Jersey Gov. Phil Murphy’s Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program. It provides payments to any renters earning less than $150,000 a year and any homeowner earning less than $250,000. The majority of residents are eligible to receive $1,500. Any homeowners over the age of 65 are eligible for as much as $1,750." (Gothamist)
$155 Million in Environmental Commitments in Limbo After Congestion Pricing Pause "The money would have gone towards communities, mostly in The Bronx, already grappling with air pollution and high asthma rates." (The City)
Mayor Adams Waters Down Remaining McGuinness Blvd. Redesign "The mayor's latest pivot puts the death knell in a multi-year backtrack on street safety." (Streetsblog NYC)
