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On May 5, Mayor Bill de Blasio unveiled a 10-year, $41.4 billion affordable housing plan for New York City. The plan outlines how the administration intends to create and preserve 200,000 units of affordable housing over the next 10 years. Of those, 80,000 will be new units and 120,000 will be preserved, and they will target a range of incomes, from extremely low to middle-class.
Recently, the Citizens Budget Committee and DNAinfo looked at the census numbers and state records and found that in 2010, 22,642 of the city’s 970,000 rent-stabilized apartments (approximately 2.3 percent) were occupied by households making more than $199,000. Of those, 2,300 apartments were occupied by people making more than $500,000.
Local Law 84 of 2009 requires all large buildings in the city to annually measure and publically disclose their energy consumption. LL84 standardizes this process and captures information with the U.S. Environmental Protection Agency’s (EPA) free online benchmarking tool called Portfolio Manager.
Manhattan U.S. Attorney Preet Bharara recently filed a lawsuit against an owner for allegedly violating the federal Fair Housing Act by not making its buildings accessible to residents with disabilities. The two buildings named in the suit are Tribeca Green in Battery Park City and East 96th Street’s One Carnegie Hill. The architects of the two buildings are also named.
According to a recently released study by Skift, a travel news and market data Web site for the travel industry, Williamsburg, with 1,694 rental listings in 2013, has posted more Airbnb listings than any other neighborhood in the city. Hell’s Kitchen and the Upper West Side came in second and third, respectively, with Bedford-Stuyvesant fourth at 1,024 listings, according to the report.
On Jan. 8, the DHCR officially adopted amendments to the Rent Stabilization Code. The amendments were the end product of the formal process required under the New York State Administrative Procedure Act to amend various regulations in the Rent Stabilization Code, the Tenant Protection Regulations, and the State and New York City Rent Control Regulations. The following are the most significant amendments to the Rent Stabilization Code:
On Jan. 15, Governor Cuomo announced a major settlement agreement between New York State's Tenant Protection Unit (TPU) and Castellan Real Estate Partners/Liberty Place Property Management.
Artists living in a former luggage factory in Brooklyn’s Red Hook neighborhood are fighting back against rising rents by pushing for their units to be declared rent stabilized. They’re arguing that because the buildings were constructed before 1974 and the landlord hasn’t significantly renovated them, their apartments should be converted into rent-stabilized units, with lower monthly payments protected by law. The current owner bought the building in 1...
Internal auditors of the New York City Housing Authority have revealed that 319 of NYCHA’s vacant apartments have been vacant for an average of seven years, with some sitting empty for as long as two decades, because the agency can’t afford to make repairs. With nearly 179,000 public housing apartments, NYCHA plays a key role in preserving the affordable housing the city already has. Although NYCHA has reduced the number of unoccupied units in recent years, ...
Mayor Bloomberg, Deputy Mayor for Operations Cas Holloway, and the RAND Corporation recently released a study finding numerous gaps in the National Flood Insurance Program that will significantly increase flood insurance costs for New York City.
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