NYCHA Chairwoman Shola Olatoye answered questions on the Triboro Preservation Partners agreement. On February 10, 2015 the City Council Committee on Public Housing held an oversight hearing on Triborough Preservation Partners, a public-private agreement between the New York City Housing Authority, L+M Development Partners, and BFC Partners. The venture was designed to rehabilitate six of NYCHA’s Section 8 properties containing nine hundred units: Bronxchester Houses, Saratoga Square, Campos Plaza, Milbank-Frawley, East 4th … <Read More>
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City Council Holds Oversight Hearing on 421-a Program
HPD Commissioner Been, others testify on effectiveness of the program. On January 29, 2015 the City Council Committee on Housing and Buildings held an oversight hearing on the 421-a tax benefit program. The program, established in 1971 by the New York State Legislature, was designed to spur residential development of underused land by granting a property tax reduction to developers for a period of ten to twenty-five years, with an objective of increasing affordable housing … <Read More>
City Council Holds Oversight Hearing on Short-Term Rentals
Eight-hour hearing covered testimony from supporters and opponents of short-term rental businesses. On January 20, 2015, the City Council Committee on Housing and Buildings held an oversight hearing on the effects of short-term rentals on New York City’s economy and neighborhoods. Over the course of eight hours, the committee heard testimony from independent tenants, representatives from the Mayor’s Office of Special Enforcement, the home-sharing website Airbnb, owners of local bed-and-breakfasts, and members of … <Read More>
City Council Holds Oversight Hearing on Mayor’s Affordable Housing Plan
HPD, City Planning, NYCHA among those who answered questions on the results and direction of Mayor Bill de Blasio’s plan. On November 17, 2014, the City Council Committee on Housing and Buildings, joined by the Committee on Land Use and Committee on Community Development, held an oversight hearing on Housing New York, Mayor Bill de Blasio’s affordable housing plan. The Council heard testimony over the course of seven hours from Housing Preservation and Development … <Read More>
City Council to Hold Hearings on Controversial Astoria Cove Proposal
The project was approved by City Planning despite opposition from the Community Board, Borough President, and the local Council Member. On October 20, 2014 the City Council Subcommittee on Zoning and Franchises will hold hearings on the proposed Astoria Cove mixed-use development project. The project, designed by Alma Realty, is the first project subject to Mayor de Blasio’s mandatory inclusionary zoning housing requirement. Despite the requirement, the project has faced opposition from community … <Read More>
Affordable Housing at Domino Sugar Hearing Dominated Council Concerns
Local Williamsburg Council Members Antonio Reynoso and Stephen Levin led questioning of Two Trees Management on Domino Project. On April 1, 2014, the City Council Land Use Subcommittee on Zoning and Franchises heard Two Tree Management’s application for special permits and a zoning text amendment to transform the Domino Sugar Refinery into a mixed-use development. The City Planning Commission voted unanimously in favor of the application on March 5, 2014 following Mayor Bill de … <Read More>