The FARE Act in NYC takes effect to make landlords, not renters, responsible for broker fees, with concerns that costs may be passed to tenants through higher rents.

A federal judge in NYC has cleared the way for a broker fee ban, set to start on June 11, that will shift the fee from tenants to landlords unless renters hire the broker themselves.

NYC Mayor Eric Adams secured a deal with Related Companies for 625 affordable homes in Hudson Yards West, up from 420. This part of a $12 billion project includes public space and possible infrastructure funded by tax revenues.