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The Real Deal is the leading source for real estate news and information. Covering the deals, developments and policies that matter.
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News
Policy Pro: City rejects buyer protections for pied-à-terre tax, Council seeks rental benefit boost
1+ mon, 3+ week ago (275+ words) Hi, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: City Council member Farah Louis, Department of Finance, the Department of Buildings and others. Have a tip or feedback? Reach me…...
Hochul awards $1B in bonds, subsidies to affordable projects
2+ mon, 4+ day ago (350+ words) Seven NYC sites will receive HCR construction, preservation funding New York State awarded $1 billion in housing bonds and subsidies in the latest push from Governor Kathy Hochul as part of her broader $25 billion five-year housing plan. The funds were awarded…...
NY Dirt: City budget ups buildings department, social services spending
2+ mon, 6+ day ago (572+ words) New voucher program is small fraction of 2027 housing outlays New York City’s budget is finally here — let’s dive into some of the details. The battle over housing voucher expansion that once threatened to derail budget negotiations is just one controversial…...
Now what? Rafael Cestero on the rent freeze aftermath
2+ mon, 1+ week ago (302+ words) Community Preservation Corporation CEO and former HPD head warns that shrinking private capital could “strangle the system” Mayor Zohran Mamdani got his rent freeze. Now the real estate industry is asking what comes next for the city’s rent-stabilized buildings. That…...
Council Approves Voucher Program, Mamdani Settles Suit
2+ mon, 1+ week ago (182+ words) Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: City Council member and housing committee chair Pierina Sanchez, New York Apartment Association CEO Kenny Burgos, Mayor Zohran Mamdani, Council…...
Mayor, Council reach $126B budget deal, CityFHEPS compromise
2+ mon, 1+ week ago (535+ words) City Hall budget secured last minute handshake after Mamdani agreed to drop litigation A New York City budget totaling $125.8 billion is poised to pass ahead of a looming deadline, ending a heated battle between the Mamdani administration and City Council…...
NYC developer in hot pursuit of Albany data center
2+ mon, 2+ week ago (391+ words) EKG Group eyeing zoning change as part of tech campus Even as a data center moratorium sits on Gov. Kathy Hochul’s desk, awaiting a signature, a zoning change could push forward a development right in the state capital. EKG Group’s…...
Queens man charged with deed theft from elderly woman with dementia
2+ mon, 2+ week ago (290+ words) Attorney general alleges man illegally rented Brooklyn home A Queens man has been charged with allegedly stealing the deed to a Brooklyn home from an elderly woman with dementia and renting it out while she lived there, New York Attorney…...
DSA Wins Could Revive REST Act, City Council Deals Advance
2+ mon, 2+ week ago (226+ words) Larger caucus could give tenant bloc rent control momentum Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Tenant-rights attorney Adam Bojak, Onondaga County Legislator Maurice Brown, state Sen....
PolicyPro: Mamdani officially drops property tax hike, state listing bills advance
2+ mon, 3+ week ago (235+ words) Mayor’s executive budget formally backs away from property tax hike Hey there, let’s get into today’s news at the intersection of policy and real estate: In this edition we mention: Director of the Mayor’s Office of Management and Budget Sherif…...