Comptroller’s office analyzes other sources of data, concluding retail vacancy is citywide problem. On September 25, 2019, New York City Comptroller Scott M. Stringer released a report regarding New York City’s retail vacancy crisis. Comptroller Stringer’s report is intended to fill a void in unexplored data from City Planning’s August 8, 2019, analysis of the same topic.
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De Blasio Administration Expands Benefits of Rent Freeze Programs
The Housing Stability and Tenant Protection Act makes it possible to freeze rents at preferential rates for qualifying New Yorkers. On September 18, 2019, the de Blasio administration released guidance regarding renter rights under the Housing Stability and Tenant Protection Act. This guidance will allow New Yorkers who pay preferential rents in rent-stabilized apartments to benefit from the City’s Rent Freeze Programs.
New East New York Development to Renovate Shelter and Create Affordable Housing
The new development proposes services for both residents and the greater East New York community. On October 16, 2019, the City Planning Commission voted to approve a land use application to develop four mixed-use buildings in East New York, Brooklyn. The lot is bounded by Sutter Avenue to the north, Blake Avenue to the south, Snediker Avenue to the west, and Hinsdale Street to the east. To facilitate the new 387,100 square feet development, the … <Read More>
Amazon Cancels Plans for Long Island City Headquarters in Sudden Announcement
The new headquarters would have brought at least 25,000 jobs in exchange for nearly $3 billion in tax incentives. On February 14, 2019, Amazon announced the company was canceling its plans to open a new headquarters located in Long Island City, Queens after political pressure from local and state lawmakers.
Bronx Borough President Issues Proposal to Preserve Preferential Rent Housing
Borough President Diaz proposes new policy to prevent homelessness and displacement of tenants of preferential rent units. On December 13, 2018, Bronx Borough President Ruben Diaz, Jr. issued a report titled “The Preferential Rent Crisis in New York City.” The report examines the scope of the preferential rent issue in all five boroughs and the risk tenants of preferential rent apartments face should landlords increase their rents to the legal registered rent for those units. … <Read More>
U.S.A. v. NYCHA: Judge Pauley Rejects the Proposed Consent Decree
The New York City Housing Authority’s efforts to settle with the U. S. Attorney over NYCHA’s mismanagement of public housing came to an abrupt end on November 14, 2018 when U.S. District Court Judge William H. Pauley III rejected the proposed consent decree. The U.S. Attorney had charged NYCHA in a civil complaint with fraud, deception and filing false lead inspection reports. The complaint also charged NYCHA with systematically tolerating dangerous and unhealthy contamination of … <Read More>