With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
NAR successfully secured its top five priorities in the final package.
On June 9, approximately 50 people guests gathered at Pasta-Pasta Restaurant in The Bronx to attend a “Meet and Greet” with Congressman, Ritchie Torres (D-15th District). Kathy Zamechansky, a member of The Hudson Gateway Association of Realtors, Bronx Chapter, was one of the lead coordinators of the event and served on the Host Committee. Other HGAR guests included: CEO Richard Haggerty; Anthony Domathoti; Sandra Erickson and, Eli Rodriguez. The Congressman was extremely engaging and answered many questions from the attendees. From left, HGAR Chief Executive Officer Richard Haggerty, Kathy Zamechansky, U.S. Rep. Ritchie Torres, Eli Rodriguez. Anthony Domathoti and Sandra Erickson.
While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
BRI officials stated that while the new increases prevent another destructive rent freeze, they once again fall short of what is required to keep up with rising costs.
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