Manhattan landlords Fred and Alex Hay, who were sued for making up fake tenants to hike the maximum rent of rent-stabilized apartments, will repay renters tens of thousands of dollars (The Real Deal)

An unfinished co-housing project in Connecticut goes into foreclosure—erasing members’ life savings (The New York Times)

Mortgage rates jump to the highest level since January 2020. The average for a 30-year loan was 3.69 percent, up from 3.55 percent last week (Bloomberg)

NYCHA will change its approach to evaluating housing applicants with a criminal conviction in their past (The Guardian)

Brooklyn developer Yuval Golan sues the Daily News for $310 million over a front page story that implies he is a criminal (The Real Deal)

Why does the U.S. need so many self-storage facilities? (Jersey Digs)