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New York budget sees another delay over housing proposal negotiations

New York’s overdue state budget is once again in trouble as lawmakers continue to debate a sweeping proposal to encourage new home construction. The plan, which appears to offer tax breaks for developers and protections for workers and tenants, has faced opposition from suburban lawmakers. “We can’t force the private sector to build,” Democratic Gov. […]

Gas, housing and car insurance costs soar, fueling inflation in March

March inflation rates showed gas, home and auto insurance to rise for another month (iStock) A stronger-than-expected rise in consumer prices in March pushed up inflation and gave the Federal Reserve more reason to delay cutting interest rates. On an annualized basis, prices rose 3.5% in March, higher than last month’s 3.2% rise and also […]

How empty office buildings could help NYC solve its housing crisis

The city desperately needs more rental housing. Hundreds of dilapidated old office buildings remain largely vacant. So why not use one problem to solve another? The solution is to give landlords property tax breaks to cover the high cost of converting useless old offices into rental apartments. SL Green, the city’s largest commercial landlord, has […]

Albany close to landmark pact to boost NYC housing stock, curb rents: sources

No one is satisfied with their housing. A reliable sign that a landmark housing package is nearing reality, with many parties making last-minute cries to get priority, including a final plan to increase the number of homes and apartments in the Big Apple. That’s what I’m raising. Negotiators have reached preliminary agreements on many key […]

UK rent rises forecast to outpace wage growth for three years | Housing

Rents are expected to outpace wage growth, despite rents already rising at the fastest pace in history in the UK following the coronavirus pandemic and cost of living crisis. The Resolution Foundation expects further pressure on millions of households, with average rents expected to rise by 13% over the next three years as high growth […]

Overdose Leads Police to Basement Housing 13 Migrants, Mostly Children

Following an overdose death in northwest Indiana, authorities say 13 undocumented immigrants, most of them children, were reportedly living in the basement of a Hammond apartment. Officers from the Hammond Police Department were called to investigate the death of a resident of an apartment complex. But during the investigation, officers found a number of immigrants […]