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Building requirements, broker fees & how the Rent Guidelines Board really works
Manage episode 447446740 series 3556055
Housing New York에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Housing New York 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.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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