Douglaston CEO sees 421a dead until 2026
The governor and real estate industry are gearing up to revive 421a, but developers should not count on success next year. Or the year after that. In fact, Douglaston Development CEO Jed Resnick said,...
U.S. Department of Housing and Urban Development
The Latest
Biden unveils 5 steps to reduce racial bias in appraisals
The Biden administration unveiled a five-point plan Wednesday to reduce racial bias in home lending and appraisals. The Property...
Chicago
Feds probe Chicago aldermen’s veto power over affordable housing
The US Department of Housing and Urban Development is investigating claims that Chicago aldermen’s veto power may be contributing...
Phoenix Realty acquires Spencer Equity’s Bronx Section 8 complex for $91M
Joel Gluck’s Spencer Equity has sold a South Bronx affordable housing complex for $91 million. The buyer was Phoenix...
Bronx Section 8 housing, West Village dorm top mid-market sales
No two properties traded in mid-market investment sales were alike last week, from a Section-8 multifamily building in the...
National
HUD sells flood-prone homes without informing buyers
A HUD flood? The federal government agency is selling homes to people in flood-prone areas without fully disclosing the...
Affordable housing developer Camber Property buys 60-unit Harlem complex
Camber Property Group has acquired a 60-unit, project-based Section 8 apartment complex in Central Harlem for $30 million. Camber,...
NYCHA overhauling management system
Mayor Bill de Blasio primarily blames the long, painful deterioration of the city’s public housing system on a decline in federal funding as developments aged and their maintenance needs grew. Terrible management, however, was...
National
Biden bans LGBT-based housing discrimination
The federal government will ban discrimination based on sexual orientation and gender identity under the Fair Housing Act, and...
Shaun Donovan can do housing. Can he do politics?
Say this for Shaun Donovan: If he succeeds in his bid to become mayor of New York City, he...