The new legislation allows hotels to house residents on a more permanent basis, specifically addressing the lack of available housing in New York City. On June 7, 2022, Governor Kathy Hochul signed into law New York State Senate Bill S4937C. This affordable housing law allows hotels that are already authorized as Class B hotels to rent rooms for permanent residence purposes. State Senator Brian Kavanagh and Assemblymember Steven Cymbrowitz sponsored this bill.
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Mayor Announces Proposed Zoning Changes to Affordable Housing, Small Business Restrictions and Sustainability
The zoning text amendments are in development and will be drafted with input from stakeholders before undergoing public review later this year. On June 1, 2022, Mayor Eric Adams announced a plan for a series of new zoning text amendments and programs aimed at removing obstacles for the recovery of small businesses, increased affordable housing, and the expansion of green technology to promote sustainability. The three zoning text amendments – the Zoning for Economic Opportunity, … <Read More>
Governor Announces Beginning of Construction of New Affordable Housing Development in Wakefield
The new building will be across the street from another affordable housing development recently approved by the City Planning Commission. On May 25, 2022, Governor Kathy Hochul announced the beginning of construction for a new affordable and supportive housing development in the Wakefield section of the Bronx. The Plains will be located at 4519 White Plains Road between East 239th and East 240th Street. The development team consists of the Doe Fund and Robert Sanborn … <Read More>
COMPLETE VIDEO: 179th CityLaw Breakfast with Mark Levine, Manhattan Borough President
Today, May 13, 2022, Manhattan Borough President Mark Levine spoke at the 179th CityLaw Breakfast. Borough President Levine spoke on “Manhattan’s Recovery.” Professor Ross Sandler, Director of the Center for New York City Law provided opening remarks. Matt Gewolb, Associate Dean and Vice President for Institutional Strategy and General Counsel at New York Law School, led a closing discussion with Borough President Levine. This Breakfast was sponsored by ConEdison, Greenberg Traurig, and Verizon. This was … <Read More>
Mayor and Governor Announce Completion of Mixed-Use Affordable Development in Downtown Brooklyn
On May 9, 2022, Governor Kathy Hochul and Mayor Eric Adams celebrated the completion of Nevins Street Apartments, located at 50 Nevins Street between Schermerhorn Street and State Street in Downtown Brooklyn.
HPD Announces Plans for Affordable Senior Housing in Morrisania
On May 5, 2022, the Department of Housing PReservation and Development (HPD), the New York City Housing Authority (NYCHA) and the New York City Housing Development Corporation (HDC) announced plans for a new development to provide affordable housing for seniors in the Morrisania section of the Bronx. The Sol on Park development will be located on the corner of St. Paul’s Place and Park Avenue within the Morris II public housing development. Sol on Park’s … <Read More>