Government-built inner city apartments finished a year ago still sitting empty

Government-built inner-city apartments finished a year ago still sitting empty

Government-built inner-city apartments finished a year ago still sitting empty

Vacant rent-stabilized apartment rate climbs despite persistent housing shortage

Vacant rent-stabilized apartments in New York City appear to be on the rise, adding another wrinkle to the increasingly contentious debate over the future of the city’s regulated housing stock. About 57,000 rent-stabilized apartments sat vacant last year, representing roughly 5.6 percent of the city’s approximately 1 million stabilized units, according to landlord filings obtained by The City Reporter through a Freedom of Information Law request. The latest figures mark an increase from the 3.7 percent reported in 2016, The vacancy rate briefly jumped to roughly 7 percent in 2021, when the pandemic emptied neighborhoods across the five boroughs. While []This article originally appeared on The Real Deal. Click here to read the full story.

$159M affordable housing project in Montreal’s Saint-Michel

Construction is underway on a 159.9-million affordable housing project in Montreal’s Saint-Michel neighbourhood. Federal, provincial and municipal officials joined the Black Communities Housing Society on Friday for a ceremony for the Angélique-Latimer Complex, which will be built on Saint-Michel Boulevard. The project will include 281 housing units, including 230 affordable units designed for families in [] The post 159M affordable housing project in Montreal’s Saint-Michel appeared first on CityNews Montreal.

Manhattan Skyscraper Evacuated Over Collapse Fears

FDNYA Midtown Manhattan skyscraper has been evacuated after construction workers discovered structural problems that raised fears of a possible collapse. Crews cleared the 37-story building on East 42nd Street shortly after 8 a.m. Tuesday after two support beams on the 21st and 22nd floors began buckling. Officials said floors 21 through 26 showed signs of stress and partial failure. The building, which previously housed pharmaceutical company Pfizer, was emptied as a precaution, with no injuries reported. Eight nearby buildings were also evacuated while emergency crews assessed the situation. The FDNY said it was responding to a “major technical rescue response,” while New York City Department of Buildings inspectors launched an investigation. A section of East 42nd Street between Second and Third Avenues has been closed to traffic and pedestrians as officials assess the building’s safety. The building is undergoing a luxury apartment conversion.Read more at The Daily Beast.