City says it will halve affordable housing lease-up period
It takes an average of 210 days to get an affordable housing building filled in New York City. The Mamdani administration says it plans to cut that in half. The plan to fill projects in 100 days was revealed alongside changes to the city’s permitting and environmental review processes. Reforms to the lease-up system will include shortening the lottery application period from 60 days to 21 days for all projects, shortening the timeline for marketers to select applicants, and piloting a new program to allow landlords to work directly with shelters. They were announced as part of the city’s first […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
