The Village of Mamaroneck is also exploring zoning changes to the industrial area to allow for work/live units, retail and recreational uses.
The three casino license proposals will now be reviewed by the full New York State Gaming Commission, which is expected to vote on the projects before year-end.
Weisz noted that in the past 15 years, the county’s office market has been reduced from 35 million square feet to approximately 26 million square feet.
Homeowners are facing an insurance affordability crisis, squeezed by the triple threat of skyrocketing premiums, shrinking coverage, and vanishing options.
U.S. Existing-Home Sales Rose 2.2% in December
The proposal would deliver an estimated 9,700 new homes—including up to 2,900 permanently income-restricted affordable homes.
One of the report’s major findings is that new multifamily housing development has not resulted in spikes in student enrollment in impacted school districts.
Gov. Hochul said the current limit of $10,000 on state and local taxes in New York State costs New Yorkers up to $12 billion a year.
In 2023, 39.5% of older homeowners in the city spent 30% or more of their household income on housing costs.
“The top driver of our affordability crisis is the rising cost of rent and mortgages, and New Yorkers need our help.”
Incoming HGAR President Sejdi is an Associate Broker with HomeSmart Homes & Estates in White Plains. She served as President-Elect in 2024, Secretary in 2023, and Regional Director for Westchester County in 2022.
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
The insurance industry will certainly bear a substantial brunt of the cost for rebuilding all of the properties destroyed in the wildfires. Unfortunately, as a result, many insurance companies will consider pulling out of these markets and substantial increases in premiums are inevitable.
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