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While Metropolitan Park has faced opposition, there's no denying New York needs affordable housing.

Costs in North America are among the highest in the world, led by New York City.

The rent increase through March was weaker than the typical first-quarter growth, but not by much.

Apartment absorption rose 35% in the first quarter.

The program has generated less than half of the revenues the city hoped to collect.

Uncertainty leaves multifamily execs questioning how long they can rely on these agencies.

Invesco sees a “range of potential economic and capital market” risks that need management.

Other cities have been considering similar bans.