Items Tagged with 'New York City'

ARTICLES

  • Monday Morning Cup of Coffee: Are cities finally fed up with Airbnb wiping out local housing?

    Plus, the CFPB opens a new office, regulatory sandbox for fintech development
    Are cities over Airbnb? Looks like it. Last week, two city councils voted to limit the online home rental services activities in their cities, the latest in a series of moves to reign in the company, which some say are aggravating the housing crisis. That, plus more about the CFPB's new office in your Monday Morning Cup of Coffee.
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  • New York sniffing out tenant harassment allegations against Kushner Companies

    State investigating allegations that the company harassed and endangered tenants
    New York is launching an investigation in Jared Kushner’s real estate company on allegations that Kushner Companies harassed tenants at a Brooklyn waterfront property. New York decided to intervene after tenants at the Austin Nichols House, a rent-stabilized community, filed a lawsuit against the company for starting major construction on the property that released toxins into the community's air.
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  • New York City proposes sweeping new rules for security deposits

    City comptroller calls for security deposit limit of one month’s rent
    New York City is in the middle of an affordability crisis, and now, the city is proposing sweeping new rules to address one piece of the affordability crunch that often stands in the way of renters finding a quality apartment or moving to a new one – the security deposit. Over the weekend, the city released a new proposal that would put limits on how much landlords can charge renters upfront.
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  • Monday Morning Cup of Coffee: Private capital is returning to the mortgage market

    Plus, developments in affordable housing
    A few weeks ago, we asked if private capital was beginning to show more interest in the mortgage market. And now, we’re starting to see more signs that interest in mortgages that don’t fit inside the Qualified Mortgage box seems to be growing. Plus, big rental-related news out of New York and Minnesota. All that, and more, in your Monday Morning Cup of Coffee.
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  • New York City foreclosures rise to post-crisis high

    Jump nearly 60% in one year
    There haven’t been this many homes in foreclosure in New York City since the housing crisis, but the news isn’t quite as bad as it seems. These foreclosures aren't new. In fact, many of them have been in the works for many years.
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  • It’s official: NYC mayor signs law promising lawyers to low-income tenants facing eviction

    Mayor expresses hope the change will spread
    New York City made it official – it became the first city to guarantee legal counsel to all low-income tenants facing eviction. NYC Mayor Bill de Basio signed the bill at the No Tenant Stands Alone rally, where he explained what this new law will mean for tenants and landlords.
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  • New York City guarantees legal representation to low-income residents facing eviction

    City will pay for legal counsel for low-income tenants
    Over the last several years, New York City has been aggressive in seeking to decrease the number of evictions that happen in the city, going so far as set aside nearly $50 million in 2014 and 2015 to provide legal services for residents facing eviction. Now, the city is taking its fight against evictions to another level by becoming the first city in the country to guarantee legal representation to low-income tenants who are facing eviction.
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  • New York City cuts ties with Wells Fargo

    Suspends business relationship in response to Community Reinvestment Act failure
    Earlier this year, reports began to emerge that New York City was considering becoming the next in a string of cities and states to cut ties with Wells Fargo in the wake of the bank’s fake account scandal. And Wednesday, that’s exactly what happened, as New York City’s mayor and comptroller announced that the city is ending its business relationship with Wells Fargo.
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