A study of Yardi Matrix's database found that within opportunity zones there are either in place or under construction 1.9 million multifamily units, 960 million square feet of office space and 180 million square feet of self-storage space.
The report based on the State Comptroller's “Fiscal Stress Monitoring System,” found that the City of Yonkers moved into the “moderate fiscal stress” category, up from “susceptible to fiscal stress” designation a year ago.
The report delves into a host of funding options that could be implemented to increase revenues, particularly: raising user fees (fuel taxes, motor vehicle taxes and tolls) and instituting congestion pricing.
The reasons: institutional demand for commercial real estate is much stronger than in the past and there is a growing acceptance of using as less leverage to finance deals.
Most areas of the state have experienced substantial improvement over the past four years. As of mid-2018, only four counties—Clinton, Putnam, Rockland and Suffolk—had foreclosure rates of more than 1%, while 38 counties and three of New York City's five boroughs had rates below 0.50%.