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Eviction at the Lucerne: Homelessness and the Disaster of NYC Housing

Eviction at the Lucerne: Homelessness and the Disaster of NYC Housing
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New York Bill Would Legalize Accessory Dwelling Units


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Assembly member Harvey Epstein and Sen. Pete Harckham (NY State Assembly, NY State Senate, iStock/Illustration by Alexis Manrodt for The Real Deal)
During his State of the City address last year, Mayor Bill de Blasio pitched legalizing basement apartments citywide. That proposal hasn’t progressed much, but state officials are now taking steps to push that vision forward.
A recently introduced bill would require cities and towns throughout the state to legalize accessory dwelling units, better known as granny flats. The measure defines them as “independent living facilities” on the same lot as a single-family residence or multifamily building. ....

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How Joe Biden will affect NYC's renters, real estate, and recovery


After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden’s Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there’s hope on the horizon for the city’s recovery. ....

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