It can be difficult to spot homeowner scams, but even a small dose of information can help New Yorkers avoid them. Earlier this summer, Shani Kulture, radio personality and producer of HOT 97’s “Ebro in the Morning”, and Allison Antwi, program manager at the Center, took to the streets of Jamaica, Queens to talk to […]
A year ago, more than two dozen organizations proclaimed that New York City’s neighborhoods are the “bedrock of its success” as they set forth an ambitious agenda for protecting affordable homeownership. The Coalition for Affordable Homes, as it named itself, aimed to leverage the collective strength of 26 organizations to influence policy in order to […]
Carmen and Ricardo Ramirez had been living the American Dream of homeownership in Washington Heights when the recession interrupted it. As recounted by The Associated Press in a recent story marking a decade since the housing crash, the couple had been managing the payments for the $299,000 adjustable-rate mortgage on their one-bedroom condominium in Upper […]
The end of New York State’s legislative session is always an action-packed time, and this year did not disappoint, with lawmakers working into the early hours of Saturday morning on June 17, while advocates labored to keep New York’s housing needs on the agenda. Ultimately, the final results include several victories and one major defeat: […]
Thousands of “zombie homes” continue to blight communities across New York, but housing advocates are praising the Assembly’s recent passage of legislation that would go a long way toward attacking the problem. But some policy experts also say the legislation, which now faces a battle in the Senate, provides only some solutions to the problem. […]
For many homeowners working to get a loan modification, just staying on top of deadlines and paperwork can be tedious, complicated, and overwhelming — even when they are working with a professional housing counselor. That’s why the Center for NYC Neighborhoods is partnering with Neighborhood Housing Services of Bedford-Stuyvesant on an innovative one-year pilot program […]
The handwritten note was posted at what appeared to be a long abandoned home in East New York. “Dear property owner,” the sign read in black ink, “I am interested in buying your property ALL CASH.” Throughout the neighborhood, and in communities that have increasingly attracted the interest of developers from the east Bronx to […]
FOR IMMEDIATE RELEASE: Aug. 18, 2016 CONTACT: Cristian Salazar, 646-786-0898, cristian.salazar@cnycn.org Center for NYC Neighborhoods Launches Year-long Study of Homeowner Displacement in East New York and surrounding communities Non-profit seeks to use qualitative and quantitative methods to understand displacement in East New York, Brownsville, Cypress Hills and Ocean Hill; study will seek to develop policy […]
New York homeowners will be able to tap into expanded financial assistance after Goldman Sachs agreed to a $5 billion settlement over its past lending practices leading up to the Great Recession with a mortgage working group led by New York Attorney General Eric Schneiderman. Hundreds of millions of dollars in settlement funds will be […]
In a previous blog post, we showed how nearly a decade after the Great Recession many black homeowners in the city owe more on their mortgages than their property is worth. Homeowners in these “underwater mortgages” are unable to begin to build wealth and are more likely to end up in foreclosure. This time, we’ve taken […]
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