December 10, 2025

Articles by Eric Yoo

MANAGEMENT BASICS

DOB Launches 2025 No-Penalty Inspection Program with Earlier Start Date

With the earlier start this year, DOB encourages owners to act quickly.
May 21, 2025
Eric Yoo

The Department of Buildings has brought back its annual No-Penalty Inspection Program for summer 2025. The program offers penalty-free safety inspections to small landlords across New York City. For 2025, the program runs from May 19 through June 30, a shift from prior years when it ran from late June through July.


Read More
IN THE NEWS

NYC Water Board to Consider 3.7% Rate Increase for FY 2026

New rates would take effect July 1 if approved following public hearings.
May 20, 2025
Eric Yoo

Owners should prepare for another increase in water and sewer charges, although the proposed hike for Fiscal Year 2026 is smaller than in recent years. The Department of Environmental Protection (DEP) has put forward a 3.7 percent increase, which, if approved by the NYC Water Board, would go into effect on July 1, 2025.


Read More
shutterstock_1700743990.jpg
FEATURE

How to Handle Unit Transfer Requests Without Triggering Noncompliance

Transfers are sometimes necessary to support resident stability, accessibility, or safety, but that doesn’t mean every request can be approved without review.
May 19, 2025
Eric Yoo

Transfers are sometimes necessary to support resident stability, accessibility, or safety, but that doesn’t mean every request can be approved without review. By taking a few key steps before approving a household transfer, you can avoid costly mistakes and make sure your site stays on track. 


Read More
DEALING WITH HOUSEHOLDS

Social Security Overpayment Clawbacks May Disrupt Some Residents’ Finances

The default withholding rate for overpayments is now 50 percent, so LIHTC sites should be prepared for the fallout that may occur when elderly or disabled residents suddenly lose a large portion of their fixed income.
May 17, 2025
Eric Yoo

The default withholding rate for overpayments is now 50 percent, so LIHTC sites should be prepared for the fallout that may occur when elderly or disabled residents suddenly lose a large portion of their fixed income.



Read More
IN THE NEWS

Trump Budget Proposal Threatens Support for Affordable Housing

The proposal calls for a 44% reduction in HUD funding and consolidation of rental assistance programs into a single state-administered block grant, shifting administrative responsibility to states and reducing federal oversight.
May 16, 2025
Eric Yoo

The proposal calls for a 44% reduction in HUD funding and consolidation of rental assistance programs into a single state-administered block grant, shifting administrative responsibility to states and reducing federal oversight.



Read More
IN THE NEWS

New Bill Would Extend Organizing Rights to LIHTC Tenants

If passed, this measure would require owners to recognize tenant organizations and engage with them on issues related to building conditions, lease enforcement, and community needs.
May 15, 2025
Eric Yoo

If passed, this measure would require owners to recognize tenant organizations and engage with them on issues related to building conditions, lease enforcement, and community needs. 



Read More