Debt & Equity
W&D locks in $94M loan to preserve Hells Kitchen homes
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Walker & Dunlop, Inc. structured a $93,925,200 loan with the US Department for Housing and Urban Development (HUD) for Polyclinic Apartments in Hells Kitchen.
Featured
De Blasio proclaims NYCHA facing its ‘worst financial crisis,’ unveils plan to raise funds with public land
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Mayor Bill de Blasio has just announced a 10-year public housing plan that aims to make major changes to the New York City Housing Authority.
Construction & Design
Queen Latifah gets into affordable housing biz
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Work is set to get underway on a Newark housing development backed by singer, actress and Newark native Queen Latifah . The cityʼs planning board has okayed
Construction & Design
Work gets underway on $92M seniors housing development
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Governor Andrew M. Cuomo announced the start of construction on Arthur Avenue Apartments, a new $91 million affordable housing development that will create
Construction & Design
City unveils massive Gowanus rezoning plan
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The city has released details of a plan to rezone swathes of Gowanus to support new housing, jobs and green space. The proposal covers an area roughly
Deals & Dealmakers
SELLING POINTS: Ginsburg scoops up lakefront community, Section 8 sells for $27M
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● CBRE Ginsburg buys $54M lakefront community Ginsburg Development Companies (GDC) has acquired The Landing on Mohegan Lake, a lakefront rental community
Opinion
Affordable housing is an economic engine for New York
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When we think about affordable housing in New York, our priorities are of course centered on addressing the housing crisis and maximizing opportunities
Deals & Dealmakers
REBNY’s John Banks talks affordable housing, Midtown and his first year on the job
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John Banks will round one of the final corners of his inaugural year as REBNY president when the leaders of the city’s surging real estate industry congregate
Opinion
Getting to the real story behind New Yorkʼs affordable housing crisis
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New York’s affordable housing crisis is often discussed, analyzed and scrutinized through the lens of hard numbers and data. How many units are in a new development?
Featured
Who still has tax savings as the sun sets on 421a abatement?
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The days of 421a are gone — but there are still new developments able to offer the lucrative tax in the city. The 421a program, first created in 1971 to
Deals & Dealmakers
Election brings upstarts into the fray
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Seven Democratic state senators were ousted during last week’s primary elections by left-leaning candidates, some of whom ran on pro-tenant or even anti-development platforms.
Featured
Growing YIMBY movement a good sign for affordable housing
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Renters and prospective homeowners across the United States are feeling the crunch of a severe housing shortage. It is no secret that tens of millions