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Workforce Housing in New York City: A Case Study of Urban American, LLC

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dc.contributor.authorWilson, Rachel
dc.date.accessioned2020-09-04T17:09:17Z
dc.date.available2020-09-04T17:09:17Z
dc.date.issued2007-07-01
dc.description.abstractThe challenging task of providing high-quality workforce housing is further complicated in a rent-stabilized housing market such as New York City. Socially conscious, fiscally responsible landlords must conduct major capital improvements and apartment maintenance with an eye toward creating a safe and attractive living environment while also meeting investors’ return expectations. How does a for-profit company add value to its portfolio while managing to keep rents affordable? This case study of Urban American, LLC, examines how one company’s operational model works within rent stabilization laws to create healthy returns and reinvigorate the workforce housing stock in and around New York City. The author would like to thank Urban American, LLC, and especially James Eisenberg, Joshua Eisenberg, Philip Eisenberg, Ann Heath, and Frost Travis for their guidance and goodwill during the course of preparing this case study. Any errors of fact or interpretation are the author’s alone.
dc.description.legacydownloads2007_69_79_Wilson.pdf: 766 downloads, before Aug. 1, 2020.
dc.identifier.other5582538
dc.identifier.urihttps://hdl.handle.net/1813/70624
dc.language.isoen_US
dc.relation.ispartofseriesCornell Real Estate Review
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectCornell
dc.subjectreal estate
dc.subjectrent-stabilized
dc.subjectNew York City
dc.subjectaffordable housing
dc.subjectrent-controlled
dc.subjectboroughs
dc.subjectUrban American
dc.subjectrenovation
dc.subjectpredatory equity
dc.subjectindividual apartment improvement
dc.subjectrenewal lease adjustment
dc.subjectlawsuits
dc.subjectillegal removal
dc.subjectmaintenance
dc.subjectrental
dc.subjectgutted
dc.subjectrenovations
dc.titleWorkforce Housing in New York City: A Case Study of Urban American, LLC
dc.typearticle
local.authorAffiliationWilson, Rachel: Cornell University
schema.issueNumberVol. 5

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CRER Vol. 05 (2007)