Search This Blog

Monday, July 20, 2026

Mamdani Administration Releases 'Rental Ripoff' Reforms For Increased Landlord Enforcement

 Mayor Zohran Mamdani released the highly anticipated findings from his administration’s “Rental Ripoff” hearings on Thursday and laid out a list of ways that the city plans to target landlords it says are operating housing in bad faith.

The series of hearings, which were held across the five boroughs between February and April, provided an outlet to tenants accusing their landlords of negligence. In response, property owners expressed outrage, claiming the campaign was essentially a witch hunt. 

Placeholder
Mayor Zohran Mamdani after signing an executive order establishing Rental Ripoff hearings on Jan. 4

The mayor’s office has refuted those claims, saying the hearings informed proposed reforms that will improve the way upright landlords work with tenants and the city and only target those who operate maliciously.

“This report is about facilitating a dialogue between responsible owners and residents and setting a standard for what it means to operate in the market,” New York City Mayor's Office to Protect Tenants Director Cea Weaver told reporters Wednesday. 

The city has emphasized that landlords were welcome to participate in the Rental Ripoff hearings. Weaver said tenant and landlord groups will be briefed on the report.  

Overall, the administration engaged with more than 2,400 New Yorkers through one-on-one listening sessions, interactive boards and online testimony. Tenant concerns were consistent with issues reported through other means, including 311 complaints, the NYC Tenant Helpline and the city’s 2023 Housing and Vacancy Survey, according to the 67-page report. 

The most common issues reported were pests and mold, mentioned in 16% and 13% of testimonies citywide, respectively. Broken elevators were reported by 7% of participants, with some disabled or elderly residents recounting instances where they had to be carried up stairs by their neighbors or were effectively trapped in their homes. 

More than 50 attendees mentioned being displaced by fires and other disasters. 

Heat and hot water outages are most commonly reported in 311 calls, comprising 35% of all reported housing maintenance issues, although many of those complaints came from a small group of properties. On the Tenant Helpline, 1 in 6 callers claimed to experience tenant harassment. The second-most-frequent complaint was landlords’ failure to make repairs, accounting for 13% of calls handled.

During the hearings, tenants doubled down on those claims, expressing frustration over the city’s intervention process and property owners’ ability to self-certify that conditions have been remedied. At least one tenant said their property managers had temporarily raised the heat when anticipating an inspection, only to shut it off shortly after. 

The city’s own data showed that 32% of violations were found to be falsely certified in fiscal years 2024 and 2025.

Placeholder
New York City Mayor's Office to Protect Tenants Director Cea Weaver speaks to attendees following a Rental Ripoff hearing presentation.

Landlord groups have countered that the majority of property owners care about their tenants and properly maintain their buildings. An analysis of more than 761,000 buildings by the Real Estate Board of New York found that about 10% of properties account for 97% of executed evictions, 88% of all violations and 94% of the most severe offenses.  

In its report, the city said it aims to differentiate between “low-road landlords” and “high-road landlords” who “meet regularly with their tenants and work alongside the City and lenders to ensure that housing quality is strong and modest returns are stable.”

To do so, the Mamdani administration outlined four strategies to bolster enforcement against the low-road landlords and empower tenants. Some of the measures were proposed in the mayor’s “Block by Block” housing plan, released in May. Others revolve around strengthening existing programs.

“I've been completely impressed with the many resources that the city has but just how difficult it is for people to navigate those resources,” Weaver said.

Several of the report's recommendations involve reforming the Department of Housing Preservation and Development’s fundamental processes. 

“[We heard] a lot of confusion with how the city communicates with both tenants and owners, especially around both getting a violation investigated, written, and then also getting a violation cleared or resolved,” Weaver said. 

For landlords that continually fail to correct hazardous violations or falsely report a repair as done, the city intends to increase fines. 

Weaver said some of the reforms may require additional approval by the city council but that the report is “completely legally solid.” Still, rollout could take several years — and a greater financial investment by the city. 

Under the budget adopted in June, several agencies that touch housing increased staffing levels, including HPD. That will significantly help the city’s execution of the proposed reforms, according to Weaver. 

“I think we are taking steps to implement what it will take in order to carry out the recommendations in this report,” Weaver said. 

Addressing The Bureaucracy

The first strategy around landlord accountability involves more follow-up inspections and increasing interagency coordination, including logging complaints across multiple apartments within a single building together. City Hall hopes that will reduce the number of complaints in the system, which totaled 300,000 in 2025.

To address failing elevators, the Department of Buildings is expected to study the ability to install lifts in walk-up buildings to increase the pool of accessible units and expand its use of third-party inspectors. The DOB last month implemented new rules requiring building owners to provide alternative accommodations if elevator service to all or part of a building is disrupted for more than 14 days.

To better address pests and mold, the city is instructing HPD to better coordinate with the Department of Health and Mental Hygiene. 

The recommendations go beyond individual complaints to expand enforcement across portfolios, a key plan of action under Mamdani. 

That means increasing access to landlord information to determine who owns what in the first place. Such information is often hidden behind LLCs, but even if an owner’s identity is known, city agencies operate off of separate databases that may lack the information. 

The city plans to upgrade its databases and require landlords to provide contact information to ensure compliance with housing regulations. 

A frequent complaint from tenants at the hearings was how they often weren’t home when inspectors visited. HPD plans create a platform through which tenants can schedule appointments.

Placeholder
The city takes feedback from Rental Ripoff hearing attendees

The city also plans to overhaul its Alternative Enforcement Program for the first time in its 20-year history. The program increases monitoring of severely distressed properties and allows the city to make the necessary repairs and bill the landlord for them.

“That type of thing works really well if the building is financially stable and the owner is choosing not to make repairs,” Weaver said. “Buildings can really start to languish in AEP if the building doesn't have money.”

For bankrupt buildings, the city hopes to better connect owners to its preservation loan programs. For repeat offenders that fall into the negligent bucket, the administration plans to increase penalties. 

Mamdani plans to back legislation that would expand the DOB’s lien authority to include all categories of violations in which the outstanding penalties total $25K or more.

In housing court, the Mayor’s Office to Protect Tenants is seeking to expedite cases related to building conditions and prevent the filing of eviction cases stemming from administrative issues involving vouchers or other types of financial support. For the latter cases, the mayor’s office is exploring ways to better connect tenants and owners of affordable and supportive housing to financial assistance. 

'Empowering Tenants To Take Action'

Tenant unions have been a central force in the Mamdani administration. Weaver’s own advocacy work began in organizing under the Crown Heights Tenant Union. 

But there are no regulations that require landlords to acknowledge or bargain with tenant unions — something the Mamdani administration aims to change. 

The Mayor’s Office to Protect Tenants said it will coordinate with HPD to create a framework for working with unions and further orchestrate enforcement actions with the help of tenant associations. It also plans to create guides to help tenants organize if they haven’t done so already.

Placeholder
New York City Mayor's Office to Protect Tenants Director Cea Weaver listens to a tenant during the first Rental Ripoff hearing on Feb. 26.

One of the report’s larger proposals involves introducing legislation that reconsiders the use of credit checks as part of the rental application process. Doing so would aid renters exiting shelter or receiving financial assistance.

Potential changes may include allowing landlords to require either a credit check, paid for by the landlord or their broker, or a salary disclosure meeting the 40-times-the-rent requirement, but not both.

Weaver added that the use of artificial intelligence has grown more prominent in rental listings. As a result, some residents have been conned by fake brokers advertising nonexistent properties.

To curb misleading ads, the city seeks to require that any rental listings containing digitally altered photos include a clear disclosure. The Department of Consumer and Worker Protection would work with Zillow, Streeteasy and other listing companies to do so.

Among the ways that the city aims to make the rental process more transparent is by working with the city council to define which utilities or services tenants are responsible for, the metering structure, shut-off policies for nonpayment, and how tenants can make complaints for noncompliance.

During the hearings, Weaver said she was surprised to hear about hidden fees that tenants encounter. 

“There's a reality of looking for an apartment in New York City that if you find one you can afford, you're going to take it,” Weaver said. “You may not know that later on, during the winter, the electric bill is going to be much higher.”

https://www.bisnow.com/new-york/news/multifamily/zohran-mamdani-rental-ripoff-hearings-report-135448

Sunday, July 19, 2026

VA Loans: For whom, where to start

 

How to request a VA home loan Certificate of Eligibility (COE)

Learn how to request a VA home loan Certificate of Eligibility (COE). This is the first step in getting a VA-backed home loan or Native American Direct Loan. It confirms for your lender that you qualify for the VA home loan benefit. Then, choose your loan type and learn about the rest of the loan application process.

How do I prepare before I start a COE request?

Gather the information you’ll need to request a COE. Select the description here that matches you best to find out what you’ll need.

How do I request a COE?

You can request a COE in any of these 3 ways.

Option 1: Online

Request a COE

Option 2: Through your lender

Your lender may be able to use an online system (called Web LGY) to get your COE. Ask your lender about this option.

Option 3: By mail

To request a COE by mail, fill out a Request for a Certificate of Eligibility (VA Form 26-1880) and mail it to the address for your regional loan center. You can find the address on the last page of the form. Please note that mail requests may take longer than requesting a COE online or through your lender.

Get VA Form 26-1880 to download

What happens after I request a COE?

We’ll review your request and tell you our decision. You can check the status of your request online.

Learn how to check the status of your home loan COE

Next steps for getting a VA direct or VA-backed home loan

Requesting a COE is only part of the process for getting a VA direct or VA-backed home loan. Your next steps will depend on the type of loan and the lender. (For most loans, the lender is a private bank or mortgage company. For the Native American Direct Loan, we’re the lender).

The lender will request a VA appraisal (assessment) of the house. An appraisal estimates the house’s market value at the time of inspection. An appraisal isn’t a home inspection or a guaranty of value. 

The lender will review the appraisal and your credit and income information. If they decide to accept your application, they’ll work with you to select a title company (or other entity) to close (transfer ownership) on the house.

What if I have questions about the loan process?

If you have any questions that your lender can’t answer, you can call us at 877-827-3702 (TTY: 711) to talk to a VA home loan representative. We’re here Monday through Friday, 8:00 a.m. to 6:00 p.m. ET.

Play a video about VA home loans and how to apply (YouTube) 

Saturday, July 18, 2026

More Than 227,000 US Property Foreclosure Filings In First Half Of 2026

 by Naveen Athrappully via The Epoch Times,

A total of 227,548 properties in the United States made foreclosure filings in the first six months of this year, a 21 percent increase from the same period last year, according to real estate analytics company ATTOM.

The first half foreclosure filings are also up by 28 percent from the same period two years back, ATTOM said in a July 16 report.

In states with a minimum of 500 foreclosure filings, Idaho registered the largest year-over-year increase: 59 percent. This was closely followed by Colorado with 57 percent, Georgia with 52 percent, and North Carolina with 47 percent.

Foreclosure is a legal process by which a mortgage lender repossesses a property after the borrower fails to make mortgage payments on time. Initially, the lender issues a notice of default once payments are missed for 90 days. If the borrower fails to settle the claim within 30 days, the lender can repossess the property and sell it off.

In the first half of the year, 0.16 percent of all housing units made a foreclosure filing, according to ATTOM.

Florida had the highest rate, with 0.27 percent of housing units making a filing. South Carolina was in the second spot with a 0.26 percent rate, followed by Indiana and Delaware, both with a rate of 0.25 percent.

“Foreclosure activity continued to increase in the first half of 2026, but the broader picture remains one of a market that is gradually returning to more typical patterns,” Rob Barber, CEO at ATTOM, said in a statement.

Foreclosure filings in a year’s first half hit their lowest level in 2021 amid the COVID-19 pandemic, but have risen since. Prior to the pandemic, first-half filing numbers were higher than the 2026 figure for every single year between 2008 and 2019.

However, the filing increase in the first half of 2026 also suggests “that some homeowners may be facing greater financial strain than they were a year ago,” Barber said.

In a June 12 post, legal services company Nolo predicted foreclosure rates would gradually rise in the latter part of 2026.

The company cited factors such as high interest rates and reduced buyer demand as contributing to a growing housing crisis. Unless there is significant relief or intervention, the trend of rising foreclosures is likely to continue, it said.

High Mortgage Rates, Avoiding Foreclosure

The average weekly rate on a 30-year fixed-rate mortgage has mostly remained above the 6 percent level since September 2022, according to data from Freddie Mac.

Since mid-May, rates have been hovering around the 6.5 percent level. For the week ending July 15, rates were at 6.55 percent.

Meanwhile, demand in the housing market has subsided, with some house hunters backing off due to high costs, real estate brokerage Redfin said in a July 16 statement.

“High mortgage rates mean that even homes in the most affordable price point—under $350,000 in the Grand Rapids area—are a stretch for a lot of buyers, and they’re hard to find and competitive,” Christine Kooiker, a Redfin Premier agent in Grand Rapids, Michigan, said in a statement.

Elevated mortgage rates can raise monthly payments for homeowners who have taken loans at variable rates. This can squeeze them financially, potentially pushing some properties into foreclosure.

For homeowners struggling to pay their monthly mortgages, there are some ways they can avoid having their properties foreclosed. One way is to refinance the mortgage, according to a Sept. 26, 2025, post by financial services company Rocket Mortgage.

Refinancing can help a homeowner shift to a more affordable monthly payment plan in case the current one is financially challenging.

Another option is to seek mortgage forbearance from the lender. If a lender approves, mortgage payments may be temporarily paused or lowered to give the homeowner enough time to get their finances back in shape.

https://www.zerohedge.com/personal-finance/more-227000-us-property-foreclosure-filings-first-half-2026

Wednesday, July 15, 2026

‘Developer Mania’ Threatens What America Has Always Been

 by Thom Nickels

As a Philadelphian, I know that most city residents are now used to the “developer mania” that has laid claim to virtually every corner of the city, whether it’s West or East Philly, or in neighborhoods like Frankford, Kensington, or Port Richmond. This urban gentrification pattern is by now all too common: An old house goes up for sale but rather than rehab it, a New Yorker in a Tesla buys it and turns it into a construction site.

Days later, tractors and bulldozers invade the neighborhood; workmen sweat and begin building another $500k four- or five-story house in record time. The architecture of the new structure is familiar: large windows carved into a gray slate-like industrial frontage that looks shiny for about a year but then, as the exterior is exposed to the “grime” of the city, it ends up looking like a housing project in China.

If we were to critique these houses in terms of design, a major flaw would be the lack of real (cement or marble) steps leading to the front door; instead, what we get are fake wrought iron steps that look like they are straight from Home Depot, that any homeless scrapper with a pair of cutters could dismantle in less than an hour.

These houses for the most part have no character or soul, yet they all manage to have roof decks with lots of lights. Lights and superficial glitter are key. They are also not well constructed, mainly because they are built faster than the Amish put up Amish barns, but minus the Amish talent when it comes to craftsmanship.

The people who move into these structures seem to take on the “personality” of the dwelling. Let’s call this the Rod Serling effect. The attitude of the new arrivals mimics the coldness and minimalism of the building: as new neighbors, they become only a tiny (read: minimalist) part of the neighborhood. Their larger selves remain detached and objective, as if they are unsure about the “village” they now call home.

When they walk their dogs, they tend not to make eye contact with long-term neighbors, meaning people in standard houses with old doorframes and cement front steps. Should their dogs bark or growl at passerbys, their first reaction is to yank the leash and grumble a soft corrective to the animal, but rarely will they apologize to the person their little hairy terrier almost de-heeled.

They seem to be a race or a people apart, so one wants to tell them: “Maybe you shouldn’t have moved here because you don’t seem comfortable at all.”

But of course, they had to move here because the area was sold to them as “hot,” with tons of amenities like restaurants and cafes and gyms, although if truth be told, the more numerous amenities are Dollar Tree, Dunkin, Auto Zone, Pep Boys, and Five Below.

Many of these newbies, I’ve found, eventually put their minimalist homes up for sale, while many others stay put, still looking for the “hot” to appear. They keep the faith, hoping the “hotness” promised to them by real estate agents is just around the corner.

As time passes, however, and as the city seems to shut down earlier and earlier in the evening — imagine a muezzin with a microphone in a minaret announcing the 11 PM closure of all cafes, bars, and restaurants in a city that already sleeps too much — many of these holdouts begin to show their disappointment. It’s too late to move back to where they came from, and so they walk their dogs with a vengeance, meaning if it bites a stranger, all power to the little critter.

Philadelphia, of course, was much “hotter” in the Seventies and Eighties and even into the Nineties —but you can’t bring back time, and just have to move forward. But what does “forward” in this case mean?

Several months ago, I blogged about a new housing construction project in my immediate neighborhood. These gray-slate, Brutalist, big-window houses replaced a series of old garages that connected two small streets that neighbors used as a shortcut to get to the nearby Fishtown Crossing Shopping Center.

The houses were billed as smart-looking, upscale units for smart out-of-towners who wanted to give city life a try. On the drawing board the houses seemed to have a special appeal; they were certainly a stark improvement over the dilapidated garages that served as storage bins.

But with new houses comes new people and more crowded spaces.

Construction began in January of 2020 and stopped completely in April because of the Covid lockdown. All construction in the city was halted then, so the project, even the adjoining porta-potties, sat empty for more than a year.

When the houses were built, they sat empty for a long time. Then one fine day I spotted incremental signs of life: Lights on inside; a big “Bernie” sign in a bay window; a sign advertising “Narvana” in another window. Eventually I did see people, but most of the time the newcomers seemed to go in and out when I wasn’t looking. When I would pass these residents in the street, they tended to keep their eyes glued to the pavement as if they were chronically depressed.

Overnight, it seemed, the gray slate houses lost their shiny luster. “For sale” signs appeared. The upscale look of new construction faded. Trash and litter appeared on the fringes of the property, but the “Bernie” sign remained, a symbolic nod to Democratic socialism.

One of the neighbors there, a foreigner (but not from Western or Eastern Europe), raised a major ruckus and threatened certain long-term neighbors with violence when they continued to use the famous shortcut to the shopping center. Voices were raised, fingers pointed, and there were threats of building a wall or a fence to keep the longtime neighbors out. Division and disunity — never a staple of this peaceful, Olde Richmond Philadelphia neighborhood — came not from well-established neighbors but from the newcomers, the “urban migrants,” who invaded from other cities.

It occurred to me that perhaps this once-wonderful upscale housing project had been purchased by the Philadelphia Housing Authority (PHA). Currently, PHA is spending hundreds of millions of dollars to buy existing, privately-owned apartment buildings throughout the city. Instead of waiting years to build new homes, the agency is purchasing properties directly from private developers. This is happening all over the city.

A few blocks over, another upscale condo complex sold out after a couple of years to PHA. Shortly after the new residents moved in, one of the tenants was out on the street brandishing a gun as friends of hers from the development attempted to talk her out of doing anything crazy.

At the time, I recall thinking, “I believe America is the only country in the world that will force ne’re-do-wells upon the do wells and expect great results.”

The situation reminded me somewhat of Lionel Shriver’s latest novel, “A Better Life,” where a New York City migrant housing program leads to the destruction of the home and life of a suicidal empathetic progressive white woman who invites a homeless migrant into her home. As a reward for her sacrifice, the progressive New Yorker is subject to a series of house-related physical assaults that does not end well.

Section 8, you might say, is the domestic woke version of former President Biden’s open borders policy.

In a column titled, “President Trump, Veto the Housing Bill!,” Ann Coulter wrote that the housing bill awaiting the president’s signature would expand Section 8 housing and have dire consequences.

Coulter’s view is that Section 8 is “a government program to move violent, gun-happy, drug-dealing welfare recipients from inner-city public housing units into previously safe neighborhoods. The theory is that if only criminals lived in nice middle-class areas, they’d get jobs and become productive members of society!”

She’s right, of course.

Coulter added that liberals are forbidden by their own ideology from criticizing welfare dependency, single motherhood, drug use or criminality, but put the dysfunctional behavior blame on... zip codes.

“Instead of addressing why people might not want to live in places where they get mugged, Congress decided to move the bad neighborhoods to them. Work ethic, orderliness, respect for the law -- irrelevant! It’s location, location, location,” she concluded.

Hence the woman with the gun in what used to be a soft-bed retreat for ex-Manhattanites.

A few weeks ago, those “Bernie” neighbors got their wish. They were successful in installing a wall on one end of the “shortcut” alleyway. I was on my way to the shopping center when a female neighbor told me about the installation.

“All the people who live there were outside applauding as they watched the fence go up,” she said.

The days of the “good guy” developer who comes to your city neighborhood with promises to build a shiny housing project that will enhance the neighborhood are over because hidden in their slick sales pitch, they’ve baked in an “affordable housing” caveat.

One thing is certain: In any new glitzy urban apartment complex, 1/4 of the units will be “ghetto people” and it will be a war zone for a few years before it all becomes all Section 8.


Sunday, July 12, 2026

Brookfield plans to buy stake in Hudson Square complex in bet on Manhattan tech hub

 Real-estate giant Brookfield is in exclusive talks to acquire a stake in Hudson Square Properties in a deal that would value the complex at $3.5 billion and further solidify the status of Manhattan’s West Side as the city’s newest tech and media hub.

Brookfield, which would own 10% of the 13-building, 6.2 million-square-foot portfolio, would also take over as its long-term operating partner, according to a person familiar with the matter. The deal is expected to close in the coming months.

Located south of the West Village and a few blocks from the Hudson River, the Hudson Square office district has experienced robust leasing over the past year as fast-expanding tech companies snap up space.

Artificial-intelligence firms in particular are driving the demand. Anthropic said last week that it had leased an entire 16-story building at 330 Hudson St., just south of Hudson Square Properties. The creator of the Claude chatbot has said it is on track to more than double its New York workforce by the end of 2026.

Recent deals at Hudson Square Properties include a new lease signed in late 2024 with PayPal for 261,000 square feet.

Office availability in the Hudson Square neighborhood has fallen 3 percentage points since the second quarter of 2025, according to commercial real-estate firm Avison Young, while asking rents have risen nearly 20%, to more than $87 a square foot.

That’s good news for Hudson Square Properties, which has been marketing itself as a tech and creative hub. Google opened its 1.3 million-square-foot headquarters nearby in 2024. That same year, Disney opened its own 1.2 million-square-foot headquarters in the neighborhood.

Office availability in Hudson Square, at 17.1% as of the second quarter, remains above the citywide rate of 14.1%, according to Avison Young. Office buildings near transportation hubs like Grand Central Terminal and New York Penn Station were leased fastest in the years after the pandemic. But as space in high-quality buildings in those areas fills up, office-hungry tech companies have expanded to other parts of Manhattan.

Brookfield’s investment in Hudson Square Properties would make them partners with Trinity Church and Norges Bank Investment Management. Trinity Church’s ownership of the portfolio dates back more than 300 years, when Queen Anne of England gifted a 215-acre land grant to the parish in 1705.

Norges Bank Investment Management, which manages the world’s largest sovereign-wealth fund, partnered with Trinity Church in 2015 to overhaul its Hudson Square portfolio, long a home to companies in the printing industry, into a modern creative hub.

https://www.msn.com/en-us/money/companies/brookfield-plans-to-buy-stake-in-hudson-square-complex-in-bet-on-manhattan-tech-hub/ar-AA27LdFi