Remember when Zohran Mamdani claimed that if rent-stabilized landlords were truly suffering, more would apply for New York’s hardship program? I think even Mamdani would acknowledge that far more than three experienced hardship last year. Yes, three. That is the number of applications the state’s hardship program received, a spokesperson for the state Division of Homes and Community Renewal told The Real Deal. Clearly, the reason is the terrible design and inadequacy of the hardship program, not a lack of hardship. Landlords have learned not to waste their time applying. With one exception. All three attempts in 2024 might have […]

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