A new City Council bill would legalize hostels, giving tourists more affordable places to stay. A 2010 anti-Airbnb law left the city with only a few in operation (Gothamist)

Celebrity chef Tom Colicchio and filmmaker Lori Silverbush’s renovated Fort Green townhouse has a garden, a 685-square-foot kitchen, and a fireplace-turned-wood-burning grill (Wine Spectator)

Turning a fixer-upper into a dream home? There are risks involved in taking a home renovation loan (Business Insider)

10 basic rights all NYC tenants should know about (Curbed)

Breaking down listing lingo: What it means when a building allows “parents buying for children” (StreetEasy Blog)

An affordable housing lottery opened for six new units in a building at 236 Stagg St. in Bushwick (Brownstoner via NYC Housing Connect)