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Airbnb, citing data from Apartment List, said vacancy rates for apartments in New York City have remained virtually unchanged at 3.4% since the law took effect. The company also said the cost of ...
Travelers planning to visit New York City may find it harder to book an Airbnb.. The city will begin enforcing its Short-Term Rental Registration Law on Sept. 5, requiring short-term rental hosts ...
A New York judge on Tuesday dismissed Airbnb's lawsuit against New York City over legislation it called a "de facto ban" against short-term rentals on Tuesday. Justice Arlene Bluth of a state ...
NYCHA is a public-benefit corporation, controlled by the Mayor of New York City, and organized under the State's Public Housing Law. [6] [11] The NYCHA ("NYCHA Board") consists of seven members, of which the chairman is appointed by and serves at the pleasure of the Mayor of New York City, while the others are appointed for three-year terms by the mayor. [12]
New York City and the state government began dual administration of rent regulation in 1962, and 75,000 expensive apartments were gradually deregulated by 1968. In 1969, construction and vacancy rates slumped, causing non-regulated rents to rise nationally.
A 2023 survey by New York City government estimated a total of "230,200 units that were vacant but not available" [9] within the five boroughs of the city. The NYC Housing Authority counted 330,118 residents in 161,585 apartments within the public housing system in 2023. [ 10 ]
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Most of those units would be aimed at what the developers and the city classify as "middle income" families: two-bedroom apartments, for example, would rent for about $3,200 a month, a rent considered affordable for a family of three making up to $128,000 a year, though the median household income in New York City as of the 2011-2015 American ...
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