TABLE OF CONTENTS
Owner Income and Expense
- Introduction
- Rent Stabilized Apartments:
- Summary
- Elements of the Price Index
- Changes in PIOC Components
- Rent Stabilized Lofts
- Rent Stabilized Hotels
- Projection of Price Index for 1995
- Introduction
- Summary
- Local Law 63
- Methodology
- Cross Sectional Study:
- Rents
- O&M Costs
- O&M Ratios
- Distribution of O&M Costs
- Distressed Properties
- Longitudinal Study:
- Rents
- O&M Costs
- O&M Ratios
- Summary
- Changes in the Mortgage Survey Sample and Questionnaire
- Response to the Survey
- Characteristics of Mortgage-Financed Properties
- Summary
- Changes in Arrears, 1988-93
- Arrears and Mortgage Debt
- Measuring the Effect of Mortgage Debt on Tax Arrears
- Mortgage Foreclosure Actions
- Survey of External Conditions
- Owner Survey
- Methodology and Response
- Owner and Building Characteristics
- Building Income
- Debt
- What is to be Done?
Rent Skewing
- Introduction
- Summary
- Literature Review
- Statistical Analysis
Tenant Income and Housing Affordability
- Summary
- Contract Rent
- Rent Increases, 1991 to 1993
- Household Income
- Winners and Losers
- Geographical Differences
- Poverty and Public Assistance
- Housing Affordability
- Vacancies
- Affordability of Vacant Units
- Summary
- Income and Rents
- Low Income Renters
- Housing Court Actions and Evictions
Housing Supply
- New Construction and Tax Abatements
- In Rem Housing and Tax Foreclosure
- In Rem Housing
- Tax Foreclosure
- Residential Co-op and Condominium Activity
Appendices
Appendix A: Guidelines Adopted by the Board
Appendix B: 1994 Price Indices of Operating Costs
- B.1 PIOC Sample, Price Quotes per Spec, 1993 vs. 1994
- B.2 Expenditure Weights, Price Relatives, Percent Changes and Standard Errors, All Apartments, 1994
- B.3 Price Relatives by Building Type, All Apartments, 1994
- B.4 Percentage Change in Real Estate Tax Sample by Borough and Source of Change, Apartments and Hotels, 1994
- B.5 Tax Change by Borough and Community Board, Apartments, 1994
- B.6 Expenditure Weights and Price Relatives, Lofts, 1994
- B.7 Expenditure Weights, Price Relatives, Percent Changes and Standard Errors, All Hotels, 1994
- B.8 Price Relative by Hotel Type, 1994
- B.9 Changes in the Price Index of Operating Costs, Expenditure Weights and Price Relatives, 1984-1994
Appendix C: 1994 Income & Expense Study
Appendix D: Mortgage Financing
Appendix E: Tax Arrears
Appendix F: 1993 Housing and Vacancy Survey
Appendix G: Tenant Income and Housing Affordability
- G.1 Average Annual Unemployment Rates by Borough, 1988-93
- G.2 Composition of the Rent Regulated Housing Stock in New York City, Housing and Vacancy Survey, 1981, 1987, 1991 and 1993
- G.3 Consumer Price Index for All Urban Consumers, New York-Northern New Jersey, 1988-94
- G.4 Yearly Average Payroll Employment by Industry for NYC, 1988-94
- G.5 Composition of the Housing Stock in New York City, Housing and Vacancy Survey, 1981, 1987, 1991 and 1993
Appendix H: Housing Supply