Lagging behind on hotel conversions, $4.25 million for foreclosure prevention, & more

By Jennifer White Karp | July 2, 2021 - 10:30AM

New York State lawmakers approved a program in June to finance the purchase of distressed hotels by nonprofits and convert them into permanent housing, but Governor Andrew Cuomo has yet to sign the bill (Bloomberg)

The city’s budget for fiscal year 2022 includes $4.25 million in foreclosure prevention, $1 million more than last year (The Real Deal)

The best bed sheets to help keep you cool at night and help you sleep better (Architectural Digest)

You can expect to pay $85,000 on average, up from about $60,000 to $65,000 in 2019, to install a basic, in-ground swimming pool (New York Post)

NYC beats out LA for the dubious honor of having the worst traffic in the U.S. (CBS)

Did being at home so much during the pandemic diminish the appeal of open floor plans? (Elle Décor)

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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