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Housing & Development

BHRAGS Scandal Leaves Brooklyn Shelters In Financial Chaos

After federal charges of $1.3 million in embezzlement, the new BHRAGS CEO tells Gothamist the nonprofit lacked the structure to manage massive city deals.

Novele’s $17M Tech Boost Changes How NYC Buildings Run

Novele secured $17M to make NYC buildings smarter with AI. This funding expands their reach and could lower energy bills for landlords and tenants across the city.

Judge Ozzi Smacks Down Mamdani’s Chaotic Pied-A-Terre Tax Plan

A Staten Island judge just halted Mayor Mamdani's controversial pied-à-terre tax, forcing a total restart of notices while critics call the rollout arbitrary and capricious.

Rising Rates Crush NYC Commercial Deals As Warsh Hikes

Treasury yields hit 19-year highs while Fed Chair Warsh raises rates, making new NYC construction nearly impossible to fund for average developers.

Mamdani Pushes 4,000 Homes On Gold St. While HPD Moves Out

Mayor Mamdani unveils a massive 4,000-unit plan at 100 Gold St., turning city assets into housing. See the details and what it means for your rent.

Parkway Hospital Turned Perennial Housing Opens February 2028

Suffolk Construction clears debris from the old Parkway Hospital to build 144 affordable units in Forest Hills, aiming for a February 2028 move-in date.

Mamdani Ally Katz Skips Rent While Preaching Struggle for the Poor

Morris Katz, a key strategist for NYC Mayor Zohran Mamdani, allegedly bounced checks on a luxury apartment while claiming to fight for the working class.

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