rent

Bronx early childhood center remains empty for 3 years despite city paying rent

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A newly built early childhood center in the Highbridge neighborhood of the Bronx has been ready to open its doors since 2023, but the facility remains unused despite New York City paying thousands of dollars in rent each month. It’s not the only center to sit empty. CBS News’ Jared Ochacher has more. Source link

Mamdani’s rent freeze, tax hikes a ‘one-two wealth destruction punch,’ economists warn

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NEWYou can now listen to Fox News articles! New Yorkers could be facing a “one-two wealth destruction punch” if Mayor Zohran Mamdani’s rent freeze and tax hikes take effect, economists warn. Mamdani’s housing plan, a campaign promise aimed at addressing affordability, includes an immediate freeze on roughly 2 million rent-stabilized apartments. Separately, his broader $127 billion … Read more