HPD Announces Historically Low Rental Vacancy Rate

On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running <Read More>


City Announces $40 Million Investment for Public Spaces and Street Safety in Downtown Brooklyn

On July 20, 2023, Mayor Eric Adams, Department of Parks & Recreation (Parks) Commissioner Sue Donoghue, and Department of Transportation (Transportation) Commissioner Ydanis Rodriguez announced a $40 million investment to improve public spaces and street safety along Fulton Street and across Downtown Brooklyn—the borough’s largest economic hub. The project, which is part of Mayor Adams’ $375 million investment in improving public spaces citywide, aims to support Brooklyn’s economy by delivering streetscape improvements, transportation and public … <Read More>