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☆ Who Are Key Players in the Menendez Case?
▼ + stars: | 2024-05-11 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +7 min

Who Are Key Players in the Menendez Case? Mr. Menendez goes to trial on May 13 with two of the businessmen, Fred Daibes and Wael Hana. Fred Daibes New Jersey Real Estate Developer Mr. Daibes is accused of giving Mr. Menendez furniture, gold and cash. Nadine Menendez Mr. Menendez’s Wife Ms. Menendez served as a go-between for Mr. Menendez, Egyptian intelligence officials and men who were seeking political favors from the senator, according to the indictment. Defense LawyersAdam Fee Lawyer for Robert Menendez He previously spent five years as a prosecutor in the U.S. attorney’s office for the Southern District — the same office prosecuting Mr. Menendez.

Persons: Menendez, Robert Menendez, Nadine Menendez, Mr, Fred Daibes, Wael Hana, Menendez's, Daibes, Nadine Menendez Mr, Menendez’s, Ms, Jose Uribe, Uribe, Uribe's, Sidney H, Stein, Bill Clinton, Jennifer Shah, Hassan Nemazee, Damian Williams, Williams, President Biden, Sam Bankman, Fried, Juan Orlando Hernández, Christina Clark, Clark, Charles McGonigal, Catherine Ghosh, Eli Mark, Paul Monteleoni, Robert Hadden, Lara Pomerantz, Ghislaine Maxwell, Jeffrey Epstein, Norman Seabrook, Daniel Richenthal, Sheldon Silver, Michael Avenatti, Adam Fee, Fee, Avi Weitzman, Lawrence Lustberg Organizations: Democrat, Robert Menendez New Jersey, Senate Foreign Relations, Jersey Real, EG, Prosecutors, United, Jose Uribe Former New, Benz, U.S, Southern, of, Democratic, Attorney, Southern District of, ex, Public, New, New York City Housing Authority, Justice Department, Southern District’s, New York State Assembly, Nike . Defense, Southern District Locations: New Jersey, Manhattan, Jersey, Egypt, Qatar, United States, Jose Uribe Former New Jersey, of New York, Southern District, Southern District of New York, Russian, New York City, Brooklyn, Columbia, New York, U.S, California

☆ After 2 years of applying for the NYC housing lottery, she finally won her bid. Now she pays $1,000 in rent for her Manhattan apartment.
▼ + stars: | 2024-04-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

A millennial woman won the New York City affordable housing lottery after applying for two years. Nkenge Brown, 30, now pays around $1,000 in monthly rent for her one-bedroom Manhattan apartment. AdvertisementNkenge Brown first heard about the New York City housing lottery system four years ago while she was at work. "Someone told me that they won a lottery apartment, and I was like, 'What's that?'" In 2018, the odds of winning the housing lottery were 1 in 592, per the Times.

Persons: Nkenge Brown, she's, —, Brown, " Brown, Nkenge Brown Nkenge Brown, that's, Nkenge, it'll, cafés, Nkenge Brown Brown, she'd, I've, There's Organizations: New, Service, New York City Department of Housing Preservation, Housing Development Corporation, New York Times, Times Locations: New York City, Manhattan, Upper Manhattan, Chelsea, Paris

☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

NEW YORK (AP) — In announcing 70 arrests, a federal prosecutor said Tuesday that the largest public housing authority in the nation was infested by a “classic pay-to-play” culture of corruption that dispensed repair jobs valued at under $10,000 to contractors willing to pay bribes. Bribery and extortion charges led to a roundup of current and former employees of the New York City Housing Authority that represented the largest single-day bribery takedown in the history of the U.S. Justice Department, Williams said. Photos You Should See View All 45 Images“If the contactors didn’t pay up, the defendants wouldn’t give them the work. The city's public housing authority receives over $1.5 billion in federal funding from the U.S. Department of Housing and Urban Development each year. Some defendants, authorities said, demanded even greater amounts of money in return for using their discretion to favor one contractor over another.

Persons: —, Damian Williams, Williams, ” Organizations: Yorkers, New, New York City Housing Authority, U.S . Justice Department, U.S . Department of Housing, Urban Development Locations: New York City, ”, New York , New Jersey , Connecticut, North Carolina

☆ The Cost of Being Disabled in New York City Housing
▼ + stars: | 2023-10-31 | by ( Claire Perlman | ) www.nytimes.com time to read: +1 min

Winning, then losing, the housing lotteryFor many disabled New Yorkers, the city’s affordable housing lottery seems like the answer. Under city guidelines, only 5 percent of units are set aside for tenants with mobility disabilities and 2 percent for people with hearing or vision disabilities, and zoning laws don’t allow any crossover. “They don’t understand the gravity of what they’re doing.”Sabrina Bennett, 38, has been applying to the housing lottery for more than a decade, before she became disabled from a spinal cord condition in 2012. She now uses a wheelchair or a walker to get around, and is living with her husband in supportive housing through the city’s shelter system until she can find an accessible apartment she can afford. She’s hoping she finds something through the housing lottery, but she has already been in the shelter system for five years.

Persons: Méndez, ”, “, ” Sabrina Bennett Organizations: Yorkers

☆ Cash-strapped New Yorkers are doing the unthinkable: Moving to Jersey City
▼ + stars: | 2023-09-10 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

New Yorkers fed up with a tough housing market are making the pilgrimage to Jersey City. New York City housing is becoming more elusive and expensive, and Jersey City is an attractive option. That's not to say that Jersey City is much cheaper, but there are more options: Along the Hudson River waterfront in Jersey City, dozens of luxury high-rises have sprouted up within the last 10 years, some filled with their own coffee shops, heated pools, and rooftop dog runs. Now, he knows at least eight to 10 acquaintances who have taken the Jersey City plunge since he moved. When it comes to the space and amenities that Jersey City provides, "once you have it, you can't go back."

Persons: Chelsea Vaughn, I'm, Vaughn, brownstones, Vaughn isn't, Steven Fulop, Fulop, cringes, Alexa Lacayo, would've, She'd, Susannah Byrne, Byrne, should've, Joey Politano, Zack Chibane, he's, Chibane Organizations: Service, Bushwick, Jersey City, New, Apple, Jersey, NYC, Income Housing Association, Alexa, New York's Financial, York, New Jersey, New York Locations: Jersey City, While Jersey, York, New York City, Jersey, Wall, Silicon, Brooklyn, Brooklyn , Manhattan, Vaughn, Harlem, New York, Grove, —, It's, Florida, New, Manhattan, Hoboken, Murray Hill, Hudson, NYC, New Jersey

☆ To Improve Public Housing, New York City Moves to Tear It Down
▼ + stars: | 2023-06-20 | by ( Mihir Zaveri | ) www.nytimes.com time to read: +1 min

Tearing down public housing has become something of a national trend, except in New York, where the New York City Housing Authority has held onto its stock of aging buildings even as repair bills and tenant complaints mount. At Fulton and Elliott-Chelsea, more than 2,000 public housing apartments would be replaced. The plan also calls for the construction of new retail and commercial spaces and 3,500 mixed-income apartments, with around 1,000 restricted to people earning lower incomes and the rest renting at market rates. It would be only the third tear-down in the agency’s nearly 90-year history, and the first time new, mixed-income buildings would be built on NYCHA land. City officials said they hope to replicate the plan elsewhere as conditions in public housing worsen.

Organizations: New, New York City Housing Authority, Fulton Houses, Elliott, Chelsea Houses Locations: New York, New York City, Manhattan, Fulton, Elliott, Chelsea

☆ How These Budding Entrepreneurs Won $20,000 for Their Start-Ups
▼ + stars: | 2023-05-04 | by ( Winnie Hu | ) www.nytimes.com time to read: +1 min

Teaching remotely, Ms. Adams put the money that she saved by not commuting toward trying out recipes for vegan muffins, reduced-sugar cookies and low-carb pizzas. A few months ago, Ms. Adams received a newsletter from her landlord, the New York City Housing Authority, which announced a new competition for entrepreneurs living in public housing. It offered cash prizes of up to $20,000 and free business development classes. “I thought it was fake,” Ms. Adams said. She called the housing authority to make sure it was real.

☆ Homebuyers looking for a bargain should consider these 20 cities where houses are actually cheaper than condos
▼ + stars: | 2023-03-29 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

However, there are 20 US cities where homes are less expensive than condominiums. Here are the markets where homes are relatively cheap compared to condos. Homebuyers seem to be overlooking this unusual discrepancy — those 20 cities are either seeing declines or very slight increases in population size, according to census data cited in the report. Besides cost savings, single-family homes in those 20 cities offer more size and distance from neighbors than condos, the report noted. 20 cities where homes are cheaper than condosBelow are the 20 cities where houses sell for less than condominiums, along with the median prices for homes and condos, as well as the price and percent differences between the two.

☆ The average starter home in New York City has shrunk to the size of four parking spots
▼ + stars: | 2022-09-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The cost of an average starter home in New York City ranges from $400,000 to $800,000, according to StreetEasy. Starter homes in NYC have shrunk by 9% in the last three years, the real estate marketplace found. The median square footage for a Manhattan home is now equal to that of four-and-a-half parking spots. The New York City housing market is notorious for buyers willing to pay more for less, but the size of a typical Manhattan starter home in is only getting smaller. Although first-time residences in Queens and the Bronx have shrunk the most, Manhattan homes remain the smallest.

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