On May 6, 2024, Mayor Eric Adams and Small Business Services Commissioner Kevin D. Kim announced new investments to support business improvement districts (BIDs) and community-based organizations. Since 2022, the Adams administration has invested over $27 million for BIDs, merchant organizations, and other community-based development organizations.
DOT Discusses Bike, Bus Priority Lane Future Projects as Congestion Pricing Begins Next Month
On May 2, 2024, Department of Transportation Commissioner Ydonis Rodriguez announced proposed bus priority and bicycle lanes and discussed existing projects as part of efforts to prepare for the start of congestion pricing, set to launch on June 30th. Under the newly approved congestion pricing plan, drivers will be charged a toll to go south of 60th Street; the toll aims to encourage people to use alternative means of transportation to alleviate what is currently … <Read More>
Rent Guidelines Board Announces Proposed Increases for 2024-2025
On April 30, 2024, the Rent Guidelines Board released proposed guidelines for rent stabilized homes. The proposed guidelines, if approved, will dictate the permitted rent increases for rent stabilized apartments, lofts, and hotels for the time period between October 1, 2004 and September 30, 2025.
City Announces Investment of New Skate Parks for City’s Youth
On April 30, 2024, Mayor Eric Adams and New York City Department of Parks and Recreation (NYC Parks) Commissioner Sue Donoghue announced a partnership with The Skatepark Project and an investment of $24.8 million in skate parks in Brooklyn and the Bronx. The Skatepark Project is a nonprofit organization with a goal of providing safe and inclusive public skateparks for the youth and the City’s partnership with them will be in furtherance of Mayor Adams’ … <Read More>
City of Yes for Housing Opportunity Overview: City Celebrates Start of Public Review Process
On April 29, 2024, the City Planning Commission launched the public review process for the proposed City of Yes for Housing Opportunity text amendment. The text amendment is one of three City of Yes amendments aiming to remove or modify outdated provisions within the zoning text that inhibit economic growth, the ability for developers to build, and the implementation of green technology and infrastructure.
DOT Launches Incentive Program to Promote Off-Hour Deliveries, Reduce Daytime Congestion
On April 24, 2024, the New York City Department of Transportation Commissioner Ydanis Rodriguez announced incentives to reduce truck deliveries during busy hours of the day in an effort to improve traffic safety, protect the environment, and combat daytime congestion and double-parking. DOT will donate $6 million to incentivize nighttime deliveries from 7 pm to 6 am through their Off-Hour-Delivery Program (OHD). The funding will be allocated through the US DOT’s Congestion Mitigation and Air … <Read More>