Janaki Chadha

23 hours ago | politico.com | Janaki Chadha |Nick Reisman |Emily Ngo |Jeff Coltin

With help from Cris Seda Chabrier The real estate industry has coalesced around former Gov. Andrew Cuomo's mayoral bid. | KENA BETANCUR/AFP/Getty Images As governor, Andrew Cuomo enacted rent laws anathema to New York City’s real estate titans and held up their favored tax break for more than a year. He recently hired one of their antagonists to his mayoral campaign. Yet the well-heeled industry is coalescing around his bid for mayor. The reason? His perceived inevitability.

2 weeks ago | politico.com | Janaki Chadha

Their backing comes amid a campaign by tenant groups to reach voters who live in rent-stabilized housing, in the hope of motivating them to back mayoral candidates who will appoint a tenant-friendly rent board once in office. Voters head to the polls June 24 for the city’s closed partisan primaries. The candidates have no power over the existing board, which serves under Mayor Eric Adams and is expected to reach a decision in June.

4 weeks ago | politico.com | Jeff Coltin |Janaki Chadha |Nick Reisman |Emily Ngo

With help from Cris Seda ChabrierAndrew Cuomo has a harsh assessment of the state’s multi-family housing tax break — the one that came after his tenure as governor, of course. “485-x doesn’t work,” he said in an interview with Playbook Sunday, after his mayoral campaign released its housing plan. It mirrors frustrations from the city’s top developers, who pushed for a new rental housing tax break for years, only to be disappointed by the version they got in Albany last spring.

1 month ago | politico.com | Janaki Chadha |Joe Anuta |Bill Mahoney |Jeff Coltin |Nick Reisman |Emily Ngo

With help from Cris Seda Chabrier Mayoral candidates want to implement looser restrictions on apartment construction to meet demand. The city has a 1.4 percent rental vacancy rate. | Drew Angerer/Getty Images New York City has a mammoth housing crisis — and nearly every candidate vying to oust Mayor Eric Adams agrees that City Hall must loosen restrictions on building apartments to meet demand. City Comptroller Brad Lander is calling for 500,000 new homes of all kinds over 10 years.

1 month ago | politico.com | Janaki Chadha

“I don’t remember another campaign where candidates were looking to match or even leapfrog one another in terms of the amount of housing they think should be built here,” said Howard Slatkin, executive director of the Citizens Housing & Planning Council.