[The following guest commentary is a response to Airbnb’s commentary published here.]
New Yorkers are facing a growing affordability crisis, and over the years my office has examined many factors that have proven to contribute to the burden of rising prices – including, most recently, a report on the impact of Airbnb on New York City rental prices.
On April 2018, New York City Comptroller Scott M. Stringer issued a report on the impact of Airbnb on City rents. The report looked at how the home-sharing company impacted rent in the City over the period of 2009 to 2016. The report found that rental rates increases during this time period can be attributed to Airbnb.
Request for Qualifications will be used to identify potential buyers who will preserve and maintain affordability. On April 5, 2018, Housing Preservation and Development Commissioner Maria Torres-Springer announced the release of a Request for Qualifications to establish a list of Qualified Preservation Buyers. The Request for Qualifications will identify qualified buyers to purchase and rehabilitate buildings in the City. It will be used as a resource to create a list for potential sellers to find … <Read More>
The City Planning Commission approved the construction of “Ebenezer Plaza” which will contain two new mixed-use buildings with 531 affordable dwelling units, commercial space and a new house of worship for the Church of God of East Flatbush. On July 12, 2017, the City Planning Commission issued a favorable report on a joint application from Brownsville Linden Plaza LLC. The application requested four zoning map amendments and a zoning text amendment to designate the project … <Read More>