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Nov. 5th, 2020 - News Digest 33

Imagining a second life for Midtown Manhattan's empty offices

As workers stay home and office buildings sit vacant, some see a new role for New York City’s business district — as a site for affordable housing.

Midtown Manhattan, a dense grid of office towers normally pulsing with activity, has been called a “ghost town” so many times that you’d expect to see tumbleweeds rolling through Bryant Park.

Bloomberg CityLab • November 2, 2020

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New York City's new congressional class really believes in affordable housing

Progressives are continuing their shake-up of New York's congressional delegation in 2020. Last night they elected Ritchie Torres and Jamaal Bowman who will undoubtedly push the delegation’s Old Guard liberalism on a number of key issues, including criminal-justice reform and income inequality and, most of all, housing.

It’s a central issue to these new Congress members, and as we sink deeper into a housing crisis during a pandemic, affordability and tenant protections have taken on renewed urgency.

Curbed • November 4, 2020

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NYC’s largest multifamily lender says rent collections are at pre-pandemic levels

New York City’s largest multifamily lender said rent collections in its loan portfolio have returned to pre-pandemic levels and the vacancy rate less than 3 percent — but investors remain wary.

The Real Deal • October 28, 2020

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What will it take for Americans to ditch their obsession with single-family homes?

For all the aging or now irrelevant clichés of what it means to be an American or to live in America, one has remained largely true throughout the decades. The American Dream, for many people, means owning their own home. But even that apple pie of cultural standards is beginning to change.

In her new book, Brave New Home, Diana Lind explores a wide and growing range of housing types that go beyond—sometimes far beyond—the archetypical picket-fenced single-family home.

Fast Company • October 30, 2020

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The ripple effects of the rent crisis

Seven months into the pandemic, we continue to see the ripple effects of an economy fraught with volatility, unemployment and shifting consumer needs. America’s 40 million renters are struggling; and housing providers are struggling to make ends meet. Rent is a critical cog in the broader economy and sustainable, comprehensive solutions are the only option.

Washington Post • November 2, 2020

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