City Council Committees Approve Pier 40 Transfer of Development Rights

Zoning Subcommittee and Land Use Committee approve brokered rezoning and development rights transfer at St. John’s Terminal in Manhattan’s Greenwich Village. On December 6, 2016, two City Council committees approved a land use application to develop the aging St. John’s Terminal which is located across West Street from Pier 40 and just north of the Holland Tunnel. The approval will allow the transfer of $100 million of air rights from Pier 40 to the 1.7 … <Read More>


City Officials Agree to Tougher 421-a Enforcement

421-a enforcementThe City Council, Public Advocate and administration officials agree that new measures should be taken to ensure 421-a compliance, proposed legislation is a good start. On November 22, 2016, the City Council’s Committee on Housing and Buildings and Committee on Finance held a joint hearing on the City’s enforcement of 421-a requirements. The meeting also served as a public hearing for three proposed bills to strengthen enforcement efforts.


City Officials Support New Rent Subsidy Program

City Council Members and Citywide Officials formally endorse Home Stability Support legislation. On November 22, 2016, New York City Public Advocate Letitia James and thirty members of the City Council formally endorsed the promulgation of the Home Stability Support program. The announcement was made at an afternoon press conference and rally on the steps of City Hall. The event was co-hosted by the Public Advocate and Council Member Grodenchick, and included speeches by Council Members … <Read More>


Mayor Bill de Blasio Reports on Progress of Housing New York Plan

The Mayor’s Administration is ahead of schedule in achieving its goal to build 200,000 affordable homes in 10 years. On July 26, 2016, Mayor Bill de Blasio announced an update on the progress that has been made to achieve the goals set forth in his Housing New York plan, which seeks to build 200,000 affordable homes in 10 years. The Housing New York plan met the conclusion of its second fiscal year on June 30, … <Read More>


Council Housing Committee Holds Hearing on Fiscal Year 2017 Executive Budgets

The respective budgets provide for increased operating funds to implement new departmental initiatives. On May 11, 2016, the City Council Committee on Housing and Buildings and the Committee on Finance jointly held back-to-back public hearings on the Department of Buildings’ and the Department of Housing Preservation and Development’s Fiscal Year 2017 Executive Budgets, respectively, which seek to provide each Department with an increased budget to implement the new initiatives introduced within the respective Executive Budgets.


New Law Reduces Building Costs for Small Homeowners

Costs for new developments and alterations are adjusted for the first time since 1991 to reflect equitable fee structure. On May 10, 2016, Mayor Bill de Blasio signed Local Law 56, which will alter building construction permit filing fees. Local Law 56, previously City Council Introduction 831, was introduced by Council Member Jumaane Williams at the request of the Mayor in June of 2015, and passed on April 20, 2016, to provide for a … <Read More>