![]() ![]() ![]() Built in a more opulent time for a more populous Brooklyn, the Loew’s Kings at 1025 Flatbush Avenue has spent more than three decades in New York City’s hands. Giving Old Loew’s Theater in Brooklyn a second chance.A federal judge has ruled in favor of advocates who argued that New York City is not adequately prepared to evacuate disabled residents during emergencies, a problem that came to the forefront during Sandy and Irene. NYC loses disability lawsuit over Sandy Evacuation.Instead of stimulating the creation of more affordable housing, many developers have chosen to opt out - leaving policy experts skeptical of how a mandatory plan might work. But an optional version of the policy, instituted by Mayor Michael Bloomberg’s administration, has had a checkered history in New York City. The policy would require developers to set aside a certain percentage of a building’s units as permanent affordable apartments in exchange for increased building heights and tax breaks. His plan to ensure that New York is no longer a “tale of two cities” is seeded in his affordable housing proposal known as mandatory inclusionary zoning. Democratic mayoral hopeful Bill de Blasio has ambitious plans to reshape the inequalities in the real estate market by mandating developers build affordable housing. De Blasio pins affordable housing hopes on mandatory inclusionary zoning.That vision appears to have resonated with New Yorkers who are worried that Gotham is turning into a playground for billionaires at the expense of everybody else. A fascinating geography of New York’s ‘two cities.’ New York mayoral candidate Bill de Blasio became the unexpected front-runner a couple of months back by articulating a “tale of two cities” critique of the boom-boom Bloomberg era.Many countries have higher rates of homeownership few underwrite it to the same extent. ![]() employs huge programs to keep interest rates low by reducing the risks taken on by mortgage lenders. This includes subsidies of about $150 billion a year in tax deductions on mortgage interest and property taxes. That accounts for the unusual support the U.S. Homeownership is a big part of the American self-image. And New York’s population continues to grow, which makes the issue of affordable housing as important today as it was 40 years ago. Half of renters are paying more than 30% of their income in rent-a barometer for affordability-while low-income New Yorkers can expect to pay 50% toward rent. The rental vacancy rate hovers around 3% but is even less for lower-priced units. New Yorkers have consistently raised affordable housing as a top priority for the next mayor. On day one, the new mayor should invest in affordable housing.There are nurses’ aides and child care workers, students and waitresses and delivery men. This is Brooklyn’s Housing Court, and the line he stands in snakes out the door and down Livingston Street. A chilling wind pinching his face, Compton Bremner takes his place among hundreds of men and women who clutch dispossess notices and rent receipts. In Housing Court, a different view of New York City’s mayoral race.Percent Change in NYC Residential Property Values from 2008 to 2012 ![]()
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