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Squeezed NYC affordable housing properties face reckoning

New York City’s regulated affordable housing sector is confronting a worsening financial squeeze, and a reckoning is coming unless solutions emerge, according to a new survey of owners, managers, lenders and other industry participants. The survey by affordable housing nonprofit NYC Housing Partnership found that 62% of respondents said operating costs have risen to unsustainable […]

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Public record-linked AI misses key title issues in many searches

DataTrace Information Services has released a new analysis examining whether artificial intelligence (AI) relying solely on public records can produce the accuracy and completeness required for insurable title decisions. The report, titled “AI Title Search Tested in the Real World: What Accuracy, Risk, and Readiness Really Look Like,” concludes that AI performs best when paired

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NYC expands finance pool for office-to-residential makeovers

New York City administration officials took a stride toward spurring more office-to-residential conversions by expanding a long-term financing option used in clean energy construction. In late June, the city made embodied carbon eligible for financing under its Commercial Property Assessed Clean Energy program, known as C-PACE. Embodied carbon refers to emissions locked into a building’s

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