Policy, real estate trends

As rents increase in New York City, so do evictions

By Devin Gannon, Thu, July 28, 2022

Photo courtesy of CityRealty

The number of evictions in New York City has increased every month from January to June, according to new city data. The state’s eviction moratorium expired on January 15 after officials extended it several times after it first took effect in March 2020, at the start of the pandemic. The data comes as more bad news for renters, who are facing record-high rents after prices fell early on in the pandemic.

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Policy, Transportation

Photo by Philip Ho on Unsplash

The Metropolitan Transportation Authority announced on Tuesday plans to expand cellular service and Wi-Fi throughout the entire subway system. While commuters have been able to use their mobile devices at all underground subway stations since 2017, the proposed project would bring cell connectivity to all tunnels between stations and in above-ground stations. The MTA estimates it would take 10 years to turn the subway system into a fully digitally connected network.

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affordable housing, Chelsea, Policy

Photo courtesy of HPD

A new affordable homeownership project, decades in the making, is underway at 201-207 7th Avenue in Chelsea. The city’s Department of Housing Preservation and Development, Council Member Erik Bottcher, and Asian Americans for Equality (AAFE) on Tuesday joined community leaders and residents in a groundbreaking celebration for a project that will turn a neglected corner site located in one of Manhattan’s most expensive neighborhoods into co-ops for low and moderate-income households.

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City Living, Lower East Side, Policy

The intersection of Ludlow and Rivington Streets on the LEs; Photo courtesy of Simon O’Brien on Flickr

The New York City Council last week voted to rename the intersection of Ludlow and Rivington Streets on the Lower East Side to “Beastie Boys Square,” an ode to the NYC hip-hop trio who immortalized the corner of the two streets on the cover of their 1989 album, Paul’s Boutique. The bill is currently awaiting the signature of Mayor Eric Adams.

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Midtown West, Policy

Photo by Danazar on Wikimedia

Gov. Kathy Hochul and Mayor Eric Adams announced Monday that they have reached an agreement on who will pick up the tab for the planned reconstruction and expansion of Penn Station and the redevelopment of the surrounding area. The financial agreement between city and state assures that a consistent level of property tax revenue is maintained and underscores a commitment to not raising taxes or transit fares by using funds from privately financed development to help pay for the project.

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Policy, Transportation

Image courtesy of NYC Ferry

New York City’s ferry system will soon be cheaper to ride for some New Yorkers, but more expensive for less frequent riders. Mayor Eric Adams on Thursday revealed phase one of the city’s new “NYC Ferry Forward” plan—a new fare system aimed at making the ferry more equitable and reducing the system’s huge public subsidy. Beginning in September, low-income New Yorkers, seniors, and people with disabilities can purchase a single ferry ride for $1.35. The price of a single trip will increase from $2.75 to $4.

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Image courtesy of Gerardo Romo/NYC Council Media Unit on Flickr

As New York City faces a sixth Covid wave, Mayor Eric Adams is expanding the city’s network of at-home test distribution sites. Starting Wednesday, New Yorkers will be able to pick up a free rapid Covid test from 57 NYC Parks locations, including parks, pools, nature centers, and recreation centers. With these new NYC Parks distribution sites, the city’s at-home test distribution program includes 1,220 sites.

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Manhattan, Policy, Turtle Bay

Photo Credit: Ed Reed/Mayoral Photography Office on Flickr

New York City is suing an operator of an illegal short-term rental in Midtown East who officials say ran more than 78 Airbnb listings and “deceived more than 6,500 guests.” According to the lawsuit, announced on Tuesday by Mayor Eric Adams, Arron Latimer, a licensed broker, Apex Management, and Esther Yip, used several limited liability corporations to run a short-term rental operation at 344 East 51st Street in Turtle Bay. The lawsuit is the first under a new city law that requires short-term rental platforms to regularly report data on listings and their hosts.

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September 3, 2021: Gov. Kathy Hochul toured several homes in East Elmhurst, Queens that flooded from torrential rains brought on by Hurricane Ida. Photo by Kevin P. Coughlin / Office of the Governor on Flickr

Almost a year after severe flooding caused by Hurricane Ida left more than a dozen New Yorkers dead, the city has released a plan to prepare for extreme rainfall. With hurricane season well underway, Mayor Eric Adams last week unveiled the new action plan “Rainfall Ready NYC,” which outlines steps New Yorkers should take during extreme rainfall. The city also updated its flood zone maps that help residents identify if they live in an area at risk of flooding.

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Policy, Transportation

New York's first citywide ferry, citywide ferry, nyc ferry, hornblower nyc ferry

The inaugural NYC Ferry ride with Mayor Bill de Blasio in 2017; Photo © 6sqft

The city agency that operates New York City’s ferry system failed to report nearly a quarter of a billion dollars in expenditures during Mayor Bill de Blasio’s administration, according to a new audit released by City Comptroller Brad Lander on Wednesday. The 50-page audit says the Economic Development Corporation spent $758 million on ferry operations from July 1, 2015 through December 31, 2021, but only reported $534 million. The report also details tens of millions in unnecessary expenses as a result of the agency’s “poor financial management.”

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