Investigation uncovers HPD’s 13 years of failing to enforce housing program requirements against developers and depriving the City of affordable housing and resources. On February 29, 2016, New York City Public Advocate Letitia James released a report on an investigation conducted by her office into 26 residential properties in Brooklyn. The 26 properties had been given to a nonprofit developer to be rehabilitated and resold, subject to affordable housing income restrictions, as part of the … <Read More>
Search Results for: Real Property Tax
Commission asks for revisions to controversial redevelopment of Gansevoort Street block
Scale and massing of proposed new building and additions require moderation. On February 9, 2016, Landmarks heard the applicants’ response to criticism from those who testified at a public hearing on November 10, 2015, concerning the redevelopment of a block face in the Gansevoort Market Historic District. The work encompasses 46-48, 50, 52-58, 60-68, and 70-74 Gansevoort Street, between Greenwich and Washington Streets. The five buildings comprise three … <Read More>
Court Rejects Developer’s Attempt to Appeal Denial of Hardship Application
Stahl York Avenue Company is unable to demolish and redevelop two Lenox Hill apartment buildings due to Landmark designation. On January 8, 2016, New York County Supreme Court Justice Michael D. Stallman denied an article 78 petition filed by Stahl York Avenue to allow redevelopment a portion of the site known as the City and Suburban Homes Company, First Avenue Estate. The Landmarks Preservation Commission designated this location in 1990 and amended the … <Read More>
Center for NYC Neighborhoods Hosts Panel on Affordable Homeownership
The keynote panel focused on the issues and challenges raised by affordable housing creation and preservation in New York City. On September 30, 2015, the Center for NYC Neighborhoods held its conference on the Future of Affordable Homeownership in NYC. The event was hosted at New York Law School and sponsored by NYLS, JPMorgan Chase, Goldman Sachs, the Center for Real Estate Studies, the Center for New York City Law, and several other … <Read More>
Rent Stabilization: Preserving Low and Middle-Income Housing
Rent regulation is not a new issue for New York City. But the headlines in June 2015 were far larger and the reactions more contentious than at any time in recent memory. For the first time in its 46-year history, the Rent Guidelines Board decided that there would be no increase in rents for one-year renewals on rent-stabilized apartments; it also limited increases on two year renewals to two-percent. Not surprisingly, tenants hailed the decision … <Read More>
Wide Community Support Voiced for Extension to Mount Morris Park HD
276-property proposed extension shares developments history, scale and architecture with existing historic district. On July 21, 2015, the Landmarks Preservation Commission held a hearing on a possible extension to the 1971-designated Mount Morris Park Historic District . The extension is composed of 276 properties and lies east of Lenox Avenue, between 117th and 124th Streets. The extension shares its development history with the existing historic district as one of the first residential areas in Harlem, … <Read More>