City Council passes a package of bills intended to strengthen protections for tenants subject to harassment by landlords. Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The expulsion of both rent stabilized and market-rate tenants is accomplished through means both legal, by abusing technical loopholes in State law, and illegal, by dangerous living conditions and intimidation.
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Tenant Harassment Bills Package to be Considered by Committee
City Council Committee to hear testimony on a package of bills intended to strengthen protections for tenants subject to harassment by landlords. Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The expulsion of both rent stabilized and market-rate tenants is accomplished through means both legal, by abusing technical loopholes in State law, and illegal, by dangerous living conditions and intimidation.
Council Members Denounce HPD Efforts Against Predatory Equity
City Council Members seek to strengthen tenant protections from predatory equity landlords. On October 31, 2016, City Council’s Committee on Housing and Buildings held a five-hour public hearing on a complement of five bills, two of which related to predatory equity.
Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The predatory equity get-rich-scheme works as thus: private investment money is … <Read More>
Updated: “How Doomed is the Loop?”: Discussion on Remote Work Impact on City’s Financial Health
How “doomed” is New York City due to the prevalence of remote work and its impact on commercial real estate values? Experts discussed the city’s fiscal outlook during a recent panel discussion, “How Doomed is the Loop?,” hosted by the Center for New York City Law at New York Law School. The January 25th panel was moderated by Mark Willis, Senior Policy Fellow at the NYU Furman Center for Real Estate and Urban Policy and … <Read More>
City Announces $4.2 Million Won in Settlement of Three Lawsuits Against Landlord
On October 26, 2023, Mayor Eric Adams announced that the city has now won around $4.2 million in three lawsuits against Daniel Ohebshalom, a/k/a Daniel Shalom, and his affiliates. This week, the Mayor’s Office of Special Enforcement (OSE) won $1.1 million in payments of penalties and fines from a settlement agreement. The city had sued Ohebshalom alleging that he was engaging in tenant harassment and illegal short-term rentals in three buildings in Midtown and Hell’s … <Read More>
Tenant Harassment Task Force Reaches Settlement Requiring Landlord to Correct Significant Violations
On October 12, 2022, the Tenant Harassment Prevention Task Force announced a settlement with landlord Greg Fournier and his real estate company, Greenbrook Holdings, LLC over harassing tenants and keeping unsafe building conditions. The task force is composed of the Department of Housing Preservation and Development (HPD), the Department of Buildings, the Law Department, the State Attorney General, and the Tenant Protection Unit of the New York State Department of Homes and Community Renewal Trust.