Episode Details

Residents at Tracey Towers in the Bronx are bracing for a 31% rent hike over four years, while citywide rent-stabilized apartments enjoy a freeze — exposing a troubling gap in affordable housing protections. Though officials cite costly repairs and mortgage delinquency, tenants see neglect in crumbling infrastructure. Established in 1955 to serve middle-class New Yorkers, Mitchell-Lama buildings like Tracey Towers now face steep rent and maintenance increases, leaving many confused and frustrated. The city plans to invest $36 million and exempt a third of tenants — including seniors — but the complex remains $5 million behind on its mortgage. Rising insurance and labor costs threaten similar developments across the city, sparking calls for broader affordability safeguards.

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