New York's $220 billion budget, punishing Wells Fargo for bias, & more

By Jennifer White Karp | April 11, 2022 - 10:30AM

New York’s $220 billion, one-year state budget becomes law and includes $925 million for landlords struggling with overdue rent amid the pandemic (AP)

The new budget replenishes the Emergency Rental Assistance Program with $800 million, and provides another $125 million for the Landlord Rental Assistance Program (Democrat & Chronicle)

New York City will block Wells Fargo from receiving new contracts for banking services in response to claims the bank discriminates against Black homeowners (The City)

Attorney General Letitia James seeks to compel real estate company Cushman & Wakefield to comply with subpoenas in connection with its probe into the Trump Organization (Reuters)

Buyers now face historically high prices without the respite of a low mortgage (New York Magazine)

Tenants at 567 Saint John’s Pl. in Crown Heights protest the pests, plumbing issues, and other dangerous conditions in their building (Gothamist)

Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

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