JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>
Mayor
Free Legal Services for Small Businesses with Lease Issues
Small businesses will now receive free legal services for issues related to a business lease. On February 6, 2018, the de Blasio administration announced the launch of the new Commercial Lease Assistance Program, which will offer assistance to small business owners with lease negotiation, landlord issues, lease renewal, and eviction notices. Non-franchise businesses that meet an income requirements will be eligible for this program.
$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments
A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.
$13 Million Investment for Heating Emergencies in NYCHA Buildings
Facing the recent below-freezing temperatures, Mayor Bill de Blasio has committed to help with NYCHA’s response to heating emergencies and failing equipment with a substantial investment. On January 18, 2018, Mayor de Blasio announced a $13 million investment to assist the New York City Housing Authority response to heating outages and replace equipment. The investment will allow NYCHA to replace malfunctioning boiler systems, acquire mobile boilers for emergencies, hire repair staff, and repair windows to … <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>
Mayor de Blasio Releases Plans to Reform Procedures Used in Removing Restrictions on Formerly City-owned Property
The proposed reformations increase transparency and community involvement, and impose new safeguards to protect against systemic abuse. On July 8, 2016, Mayor Bill de Blasio proposed a series of reformations to the procedures used in removing limitations on potential uses, or deed restrictions, from formerly City-owned property. The proposed reformations would require parcels to meet stricter criteria to be deemed eligible for their deeds to be modified, and they would increase the levels of transparency … <Read More>