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NYC will pay landlords to fix up empty apartments. No one has taken the offer.

 
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Manage episode 506089445 series 95357
Content provided by WNYC Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by WNYC Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

New York City has a serious affordable housing shortage, but thousands of low-cost units are sitting empty. It's called warehousing and it gets people's blood boiling.

In 2023, Mayor Adams stepped in with a solution: The city would pay property owners up to $25,000 to put the rent-stabilized apartments back on the market.

But two and a half years later, no one has taken the offer. Now the city is doubling the payment amount.

WNYC housing reporter David Brand joins Weekend Edition host David Furst to discuss why landlords are passing on the free cash.

  continue reading

1290 episodes

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iconShare
 
Manage episode 506089445 series 95357
Content provided by WNYC Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by WNYC Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

New York City has a serious affordable housing shortage, but thousands of low-cost units are sitting empty. It's called warehousing and it gets people's blood boiling.

In 2023, Mayor Adams stepped in with a solution: The city would pay property owners up to $25,000 to put the rent-stabilized apartments back on the market.

But two and a half years later, no one has taken the offer. Now the city is doubling the payment amount.

WNYC housing reporter David Brand joins Weekend Edition host David Furst to discuss why landlords are passing on the free cash.

  continue reading

1290 episodes

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