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Affordable Co-ops Get Bailouts, Rent-Stabilized Suffers
New York
Oct 15, 2025

Mitchell-Lama rescue plans — otherwise known as bailouts

Affordable co-ops get tax breaks while rent-stabilized buildings suffer
Coconut Properties CEO Adam Zeidel, a view of the overgrown lot next to Inwood Gardens and a project rendering of 51 Hillside
New York
Oct 22, 2025

Manhattan Mitchell-Lama gets handout, then kills affordable housing

Inwood Gardens co-op rejected developers’ $7.3M offer for vacant lot
Stellar Management’s Matthew Lembo and Vornado Realty Trust’s Steven Roth with 310 Greenwich Street
New York
May 14, 2026

Vornado, Stellar reveal plans for Independence Plaza expansion

Developers file plans to add nearly 1K units in Tribeca

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