2010 mortgage survey report

2010 mortgage survey report

by New York City Rent Guidelines Board

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Section 26-510 (b)(iii) of the Rent Stabilization Law requires the Rent Guidelines Board to consider the costs and availability of financing (including effective rates of interest) in its deliberations. To assist the Board in meeting this obligation, each winter the RGB research staff surveys lending institutions that underwrite mortgages for multifamily rent stabilized properties in New York City. The survey provides details about NewYork City's multifamily lending market during the 2009 calendar year as well as the first few months of 2010.

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