Lompscher hopes the city can increase the amount of apartments that are built each year to around 20,000, partly through companies her department controls.
Many states have tried to offset the loss of federal funds by creating or renewing their own local housing trust funds or state housing tax credits to support new development.
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Mar 11, 2021
Multifamily continues its healthy expansion, which began more than a decade ago.
Low interest rates give cap rates more room to compress while also cheapening the cost of capital for multifamily borrowers.
The NYC borough has 7,050 unsold new condo units on its books.
How will proptech change apartment property management?
