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December 29, 2024
Why Rent Regulation Remains So Hard to Undo in NYC
Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period,…
November 5, 2024
Never Let a Crisis End
New York City’s perennial housing crisis—the city has regularly declared a housing “emergency” since 1971—is back on the city council’s agenda, with two proposals to address it. On the surface, the two plans, one championed by Mayor Eric Adams, the other by City Council Speaker Adrienne Adams, seem complementary; both promise more housing. But a…
October 15, 2024
Lefty NYC Council Add-Ons to Mayor’s ‘City of Yes’ Would Worse Housing Crisis
Eric Adams’ chance for a lasting legacy hinges on his ambitious zoning and housing proposal dubbed “City of Yes” — poised to come before the City Council next week. But as some community groups seek to derail the plan, the hard-left council looks ready to undermine it — and convert it to the “City of Yes, But.” The key to Adams’…