New York City Mayor Eric Adams has selected GFP Real Estate to redevelop the city-owned 100 Gold Street property in Lower Manhattan into roughly 3,700 units of mixed-income housing, including more than 900 permanently affordable apartments created without direct HPD subsidy, marking one of the administration’s flagship “City of Yes for Housing Opportunity” projects. The…
Governor Kathy Hochul has signed legislation S5175A/A3698A authorizing New York localities to provide enhanced real property tax exemptions of up to 65 percent for eligible senior homeowners, up from the previous 50 percent cap that had not been raised in decades. The new law allows municipalities to grant these exemptions to seniors who meet locally…
One year after the New York City Council approved “City of Yes for Housing Opportunity,” Mayor Eric Adams and the Department of City Planning are highlighting major gains in housing production citywide, including a 22.8 percent increase in new homes permitted in 2025 compared to the year before approval. The sweeping zoning reforms — from…
A shocking attack in the New York City subway has raised new fears about rider safety. Police say 18-year-old Manhattan resident Hiram Carrero allegedly set a sleeping homeless man on fire in a No. 3 train car around 3 a.m. The incident happened near Times Square/Penn Station. The 56-year-old victim suffered serious burns but is…
New York City Mayor Eric Adams and Staten Island Borough President Vito Fossella announced nearly $30 million in FY 2026 budget capital funding to improve parks, cultural institutions, and open space on Staten Island, enhancing access, safety, and quality of life for residents. The investment includes $5.6 million to reconstruct Bloomingdale Park playground with new…
Mayor Eric Adams announced a $68 million plan to stop flash flooding in and around Prospect Park in Brooklyn. The city will create Brooklyn’s first-ever Bluebelt in Prospect Park, using nature — like the lake, ponds, and wetlands — to better handle heavy rain and protect nearby neighborhoods, including Ditmas Park, Kensington, Prospect Park South,…