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Building requirements, broker fees & how the Rent Guidelines Board really works
Manage episode 447446740 series 3556055
Το περιεχόμενο παρέχεται από το Housing New York. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Housing New York ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
This is your New York Apartment Association weekly news update with CEO Kenny Burgos.
Follow NYAA @housingny
On The Agenda
1:12: New York Community Bank sees 990% increase in multifamily loan delinquencies
2:32: New York City Council expected to eliminate broker fees for tenants
4:00: Local Law 157: What you need to know about the gas detector mandate
5:45: New housing construction shortfall → REBNY: Q3 2024 Construction Pipeline Report / NYBC: 2024-2026 Construction Outlook
6:35: How the Rent Guidelines Board really works
7:23: 2024 RGB research snapshot
- Growing financial distress in older rent-stabilized buildings in The Bronx, Northern Manhattan, and parts of Queens and Brooklyn.
- Property taxes account for roughly 30% of the rent checks for older rent-stabilized buildings.
- Operating costs continue to grow faster than inflation, including a staggering 22% increase in insurance costs.
- Interest rates remain high, making it difficult for landlords to access capital for crucial maintenance and repairs.
- Median rent-stabilized rents are $1,322, which is 26% of median rent-stabilized household income.
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