Are you thinking of buying your first home? Becoming a homeowner can be an exciting, rewarding prospect, but it’s not without risks. Here are some of the benefits and drawbacks of homeownership. Benefit: You’re No Longer a Renter Sick of dealing with a landlord? When you’re a renter, you can find yourself facing rent increases, […]
The road to homeownership is a complicated, challenging experience for anyone. Sometimes it makes sense to turn to a professional who can help guide you along the way — a housing counselor. Housing Counseling for the Entire Homeownership Cycle Housing, financial, and legal counselors are primarily non-profit professionals who provide a wide range of services […]
Behind houses sold by well-coiffed brokers on shows like the popular reality TV series Million Dollar Listing is a much more complicated story: the rise of house flipping throughout New York City that can push affordable homeownership out of reach of most families. A new BuzzFeed News investigation published last December explores the rise of […]
Today, we’d like to introduce you to Aunt Ruth — a New Yorker and a good neighbor. You may soon start seeing her at your favorite local coffee shop or bodega, printed on the side of your cup, or on a flyer distributed in your community. She is the new face of our campaign to […]
More than 200 housing experts, elected officials, policymakers and lenders gathered with us in Midtown Manhattan in late October at our fourth annual Affordable Homeownership Summit to learn about innovative solutions to the city’s unprecedented affordability crisis. It was a tremendous success, with peers sharing best practices and joining in a dialogue about the future […]
The housing stock in East New York is old, with nearly half of the buildings in the neighborhood constructed before 1947. For homeowners, the aging structures mean more repairs, and often more costly repairs. For senior homeowners living on fixed incomes or owners whose modest take-home pay is swallowed by their monthly expenses, these repair […]
Download the executive summary Download the full report East New York has historically been one of the most affordable neighborhoods in New York City, where tens of thousands of working- and middle-class families own homes. Eighty-seven percent of these homeowners are black or Hispanic. Today, longtime homeowners, their tenants, and their communities face increasing uncertainty, […]
On any given day, staff members at the Center for NYC Neighborhoods field phone calls from across the state on everything from reverse mortgages to home repairs. They are the front-line staff of the Center who work at the Homeowner Hub, which has outgrown its roots as a “call center” over the past few years. […]
Our annual, one-day Affordable Homeownership Summit is an opportunity for hundreds of leaders, policymakers, elected officials, lenders, and advocates to discuss the challenges facing low- and moderate-income homeowners, as well as innovative solutions and best practices. This year’s Summit theme will focus on equity in our communities, and the crucial questions advocates, supporters, and partners […]
Thomas Gillespie spent 20 years as a New York City sanitation worker, saving as much of his salary as he could to finally place a down payment on a home in St. Albans, Queens in 1994. Buying property was a decision he made to secure his family’s future. Years later, retired and living on only […]
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