Housing

Mayor Zohran Mamdani speaks at an under-construction free childcare center for city workers inside the Municipal Building

Mamdani Administration Says NYC Needs to Build 700,000 New Housing Units in the Next Decade

by Greg David Aug. 19, 2026, 3:12 p.m.Aug. 19, 2026, 3:41 p.m.

Meeting the new target will require ambitious construction projects across the city, especially in low-density neighborhoods identified in the City Hall report.

Progressive advocates rally in front of City Hall ahead of a hearing on the new pied-à-terre tax,

City Government

Team Mamdani’s Pied-à-Terre No-Show Has Lawmakers Fuming

by Greg B. Smith Aug. 19, 2026, 5:00 a.m.Aug. 19, 2026, 7:54 a.m.

The city has granted exemptions to more than 2,300 homeowners so far after first asserting they were subject to the new tax on luxury second homes.

A homeless person parked their belongings in front of the Stock Exchange,

Economy

Inside NYC’s K-Shaped Economy: A Few Do Well, Most Do Not

by Nancy Jiang Aug. 17, 2026, 5:00 a.m.Aug. 16, 2026, 10:52 a.m.

President Trump’s treasury secretary says low-income workers are making out. New York data shows otherwise.

Makeshift flood barriers sit outside homes in Kissena Park, Queens, Aug. 12, 2026.

Climate

NYC Targets Homeowners in Flood-Prone Areas of Queens for Potential Buyouts

by Samantha Maldonado Aug. 14, 2026, 12:44 p.m.Aug. 14, 2026, 12:45 p.m.

The city is gauging interest among Hollis and Kissena Park residents, expanding outreach beyond the area known as the Hole.

City Government

NYC Homeowners Escape ‘Scary’ Pied-à-Terre Tax Threat

by Greg B. Smith Aug. 14, 2026, 5:00 a.m.Aug. 13, 2026, 7:26 p.m.

A plaintiff in a lawsuit seeking to stop the tax rollout was among those whose properties were exempted from the second-home surcharge as the city processes paperwork form homeowners seeking exemptions.

A planned redevelopment in Kips Bay is stalled while a few rent-regulated tenants at four walk-up buildings hang onto their apartments.

Housing

The $1.5M Holdout: Kips Bay Fight Pits Tenant Rights Against NYC Housing Development

by Samantha Maldonado Aug. 13, 2026, 5:00 a.m.Aug. 13, 2026, 9:44 a.m.

A developer wants to build 160 homes in place of four mostly empty buildings. One of the remaining tenants, who lives in a rent-regulated apartment, is complicating those plans.

A residential development took shape along Flatbush Avenue in Brooklyn,

Housing

Wait, How Much? Manhattan and Brooklyn Rents Hit Record Highs

by Greg David Aug. 13, 2026, 5:00 a.m.Aug. 12, 2026, 8:01 p.m.

Median rent in Manhattan reached a whopping $5,000 in June; Brooklyn’s median was $4,500, according to new data.

City Council

NYC Lawmakers Scrutinize Mamdani’s Pied-à-Terre Tax Rollout

by Andrew Giambrone Aug. 7, 2026, 12:07 p.m.Aug. 10, 2026, 11:20 a.m.

The City Council will hold an oversight hearing on the new tax on Aug. 18, as thousands of homeowners seek exemptions.

Housing

Mamdani’s Latest Focus for Tenants? Sky-High Utility Bills.

by Samantha Maldonado Aug. 6, 2026, 5:00 a.m.Aug. 5, 2026, 6:32 p.m.

The mayor’s push to address rising energy costs comes as more local buildings shift to electricity from oil and gas — introducing potential new costs.

Housing

NYC Pied-à-Terre Tax Puts Primary-Resident Free Riders in Double Bind

by Andrew Giambrone Aug. 6, 2026, 5:00 a.m.Aug. 6, 2026, 3:08 p.m.

Gov. Kathy Hochul’s office says it’s monitoring for potential residency fraud exposed through the exemption process for the new tax on luxury second homes.

Housing

Mamdani Administration Says NYC Needs to Build 700,000 New Housing Units in the Next Decade

Team Mamdani’s Pied-à-Terre No-Show Has Lawmakers Fuming

Inside NYC’s K-Shaped Economy: A Few Do Well, Most Do Not

NYC Targets Homeowners in Flood-Prone Areas of Queens for Potential Buyouts

NYC Homeowners Escape ‘Scary’ Pied-à-Terre Tax Threat

The $1.5M Holdout: Kips Bay Fight Pits Tenant Rights Against NYC Housing Development

Wait, How Much? Manhattan and Brooklyn Rents Hit Record Highs

NYC Lawmakers Scrutinize Mamdani’s Pied-à-Terre Tax Rollout

Mamdani’s Latest Focus for Tenants? Sky-High Utility Bills.

NYC Pied-à-Terre Tax Puts Primary-Resident Free Riders in Double Bind

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