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So far Shimon Shkury Contributor has created 5 blog entries.

Mayor’s Plan Will Continue New York City’s Support For Affordable Housing Development

New York City Mayor Eric Adams recently released his affordable housing plan, Housing Our Neighbors: A Blueprint for Housing and Homelessness, and announced $5 billion in capital funds, bringing the city’s investment to $22 billion to build and maintain affordable housing over the next ten years. The Housing Blueprint is short on specifics and doesn’t

By |2022-06-29T09:54:55-07:00June 28th, 2022|Industry News|

Affordable Housing: Corporate America Can Be Part Of The Solution

E-commerce giant Amazon has launched a $2 billion Housing Equity Fund to preserve and develop more than 20,000 affordable housing units across three major hubs–Puget Sound, WA, Nashville, TN, and Arlington, VA. Amazon’s Housing Equity Fund illustrates how major corporations can collaborate with local governments and help solve the affordable housing crisis that many communities

By |2022-06-01T09:52:32-07:00May 31st, 2022|Industry News|

The Sunset Of Rental Construction In New York City (At Least For Now)

Like many American cities, New York City’s demand for housing is staggering. In spite of state laws intended to hold down housing costs, rental prices have increased and low- and middle-income families are finding it even harder to find affordable homes. However, new housing development to address the shortage is being threatened because one of

By |2022-05-17T09:51:42-07:00May 17th, 2022|Industry News|

Today And Tomorrow: A Tale Of NYC’s Multifamily Market

The first quarter of 2022 for the New York City multifamily market experienced robust growth with $2.87 billion closed, well above the five-year quarterly average of $1.90 billion, according to research from Ariel Property Advisors. That sum includes Black Spruce’s $837 million purchase of The American Copper Buildings which accounted for 29% of New York

By |2022-05-02T16:52:38-07:00May 2nd, 2022|Industry News|

Public/Private Partnerships Are Crucial To Meet The Demand For Affordable Housing

New York City has an immediate need for 230,000 new residential units to accommodate the significant growth in its population and jobs between 2010 and 2020, and a projected need for 560,000 new units by 2030, according to a recent Real Estate Board of New York commissioned study. With the demand of housing far outstripping

By |2022-04-20T09:51:38-07:00April 20th, 2022|Industry News|
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