BRI Says Westchester Rent Hike Falls Short; Warns of Long-Term Consequences
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.
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.
A total of $789 million in funding is being directed to six projects in New York City ($603 million) and three projects in the Mid-Hudson region ($186 million).
Since opening in October 2006, Empire City Casino has generated more than $5 billion for New York State education.
Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
NYPA will immediately begin evaluation of technologies, business models, and locations for this first nuclear power plant and will secure the key partnerships needed for the project.
In the case of Resorts World New York City and Empire City Casino, both involve multi-billion-dollar upgrades.
The Mid-Hudson region had the highest aggregate value of new projects of any region with $2.4 billion, followed by the Finger Lakes ($1.8 billion), Long Island ($1.4 billion), and Western New York ($832 million).
Located at 23 Bishop W.J. Walls Place, Willow at The Ridgeway will replace three vacant public housing buildings with a new eight-story, all-electric, 100% affordable building with 92 units for seniors.
San Diego, San Jose, New York, and Boston also saw affordability ratios well above 60%.
A Mamdani candidacy and potential mayoralty could signal a policy environment more focused on tenant protections, rent regulations and public housing expansion.
The median price of a single-family home in Westchester rose to $999,000 in May, up 2% from a year ago, underscoring just how resilient demand remains.
The median existing-home price for all housing types was up 1.3% to $422,800 from one year ago ($417,200).
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