Mortgage requirements tightened, billions in NYC tax revenue lost, & more

By Emily Myers | April 15, 2020 - 10:30AM

JPMorgan Chase, the country's fourth-largest mortgage lender, is tightening its lending restrictions—borrowers now need a credit score of at least 700 and 20 percent down to get a mortgage (The Real Deal)

More than 20 public school teachers in NYC are among 50 Department of Education employees who have died from Covid-19 (Politico)

NYC's lost tax revenues amount to $5 billion to $10 billion due to the coronavirus crisis, according to Mayor de Blasio (Gothamist)

City officials negotiated a $250 million contract for hotel rooms for patients and healthcare workers in need of temporary housing (Commercial Observer via Politico)

The city's Landmarks Preservation Commission will begin virtual public hearings next week after in-person meetings were put on hold in mid-March (Brownstoner)

Restaurant closures and changes in trash collection could result in turf wars for NYC's rat population (Gothamist)

Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a real estate writer and podcast host. As the former host of the Brick Underground podcast, she earned four silver awards from the National Association of Real Estate Editors. Emily studied journalism at the University of the Arts, London, earned an MA Honors degree in English Literature from the University of Edinburgh and lived for a decade in California.

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