Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
August 26, 2024

Politicians Look To Give Renters A Leg Up With Credit Reporting. But Critics Say Move Is A ‘Trojan Horse’

SelectLeaders' New Site Is Live! Use Code LAUNCH At Checkout

A growing movement to count rent payments toward credit scores could help millions of renters become homeowners and build generational wealth. 

But whether these proposals are “a no-brainer” to improve Americans’ housing situation or “fool’s gold” is to be seen. 

Politicians Look To Give Renters A Leg Up With Credit Reporting. But Critics Say Move Is A ‘Trojan Horse’

This month, Sen. Jon Ossoff proposed a federal bill that would require multifamily landlords that use some form of federal financing to report on-time rent payments to credit agencies.“Georgia families urgently need more affordable housing. That’s why I’m introducing this new legislation that will help families build credit…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Newmark Makes Several Big Hires In Multifamily Valuation Practice Newmark Makes Several Big Hires In Multifamily Valuation Practice
DOJ Files Antitrust Suit Against RealPage, Alleging Price-Fixing DOJ Files Antitrust Suit Against RealPage, Alleging Price-Fixing
BREIT Names New Leader Ahead Of CEO's Retirement BREIT Names New Leader Ahead Of CEO's Retirement
'The Time Has Come': Powell Indicates Rate Cut On The Way In September 'The Time Has Come': Powell Indicates Rate Cut On The Way In September
Perforation

A 124-Year-Old East Harlem Church That Fell Into Disrepair Could Become New Housing

A 124-Year-Old East Harlem Church That Fell Into Disrepair Could Become New Housing

Another property sale could shore up some cash for the Archdiocese of New York if the Manhattan Supreme Court approves the sale of a 124-year-old property.The archdiocese filed paperwork with the court Friday to sell the Holy Rosary Church, a property built in 1900.The property went…

Read the full story here.

  Share:  

 
Perforation

Adams Reportedly Directs Agencies To Cut City’s 550-Property Office Footprint

Adams Reportedly Directs Agencies To Cut City’s 550-Property Office Footprint  

Like many other office tenants, New York City is examining its portfolio and hunting for where it can slash space and save money. 

A Citywide Space Savings Task Force has been established, and the effort is a “mayoral priority,” Politico reported, citing memos written by Department of Citywide Administrative Services Commissioner Jesse Hamilton. Agency spokesperson Dan Kastanis told Politico the task force is compiling data from various agencies and the plan is still in the…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

Tishman Speyer Scores Refi For Downtown Brooklyn Macy's Project Tishman Speyer Scores Refi For Downtown Brooklyn Macy's Project
How Some NYC Neighborhoods Could Use City Of Yes To Get Long-Awaited Upgrades How Some NYC Neighborhoods Could Use City Of Yes To Get Long-Awaited Upgrades
This Week's N.Y. Deal Sheet This Week's N.Y. Deal Sheet
Office Landlords Consider Demolitions As Conversion Challenges Mount Office Landlords Consider Demolitions As Conversion Challenges Mount
RFR’s Troubles Mount As Lower Manhattan State Street Tower Heads To Special Servicing RFR’s Troubles Mount As Lower Manhattan State Street Tower Heads To Special Servicing
 
Perforation

415 Affordable Housing Units Proposed For Coney Island Site

415 Affordable Housing Units Proposed For Coney Island Site  

More affordable housing could be coming to Coney Island under a proposed rezoning by Proto Property Services.

The Bronx-based developer wants to more than double the number of units at 2950 W. 24th St., adding to a development boom in the area, according to Crain's New York Business. Ocean Towers, a 19-story building with 360 units, sits on the site. Behind Ocean Towers, Proto plans…

Read Full Story

  Share:  
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: 1
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 79711