A New York City landlord was indicted for mortgage fraud scheme in Lower Manhattan, stemming from tenant harassment investigation. On April 6, 2017, New York State Attorney General Eric T. Schneiderman announced the indictment of Dean Galasso, a New York City landlord. Galasso was indicted on six felony charges in relation to an alleged scheme to fraudulently obtain a multi-million-dollar mortgage to finance the acquisition of a rental building. Galasso faces one count of Grand … <Read More>
Search Results for: Tenant Harassment
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>
Attorney General Eric Schneiderman Announces New Legal Enforcement Team for Housing Related Offenses
The new Real Estate Enforcement Unit will be in charge of investigating tenant harassment and related complaints. On July 7, 2016, Attorney General Eric T. Schneiderman announced his new plan to create a new legal enforcement team to combat tenant harassment and related housing issues affecting New York residents. These new initiatives come in the wake of several crackdowns on housing related incidents.
City Council Subcommittee Hears Testimony on Eviction Services for Disabled and Elderly Populations
If enacted, the bills would mandate the Department of Housing Preservation and Development to provide legal assistance information to susceptible tenants. On May 4, 2016, the City Council Subcommittee on Housing and Buildings held a public hearing on two bills introduced to ensure seniors and disabled persons facing eviction have access to information about the legal services available to help them. The bills would mandate the Department of Housing Preservation and Development to provide such … <Read More>
HPD Proposes to Implement Extension of Existing 421-a Affordable Housing Tax Abatement Program
The “421-a Extended Affordability Program Rules” would provide a 10 to 15 year extension to eligible buildings enrolled in the program prior to its expiration. On March 14, 2016, the Department of Housing Preservation and Development proposed two agency rules to extend the 421-a real property tax exemption program for those who already had been benefiting from the program prior to its expiration in June 2015. The State authorized HPD to promulgate the new rules … <Read More>
Full City Council to Vote Today on Mayor’s Affordable Housing Proposals [UPDATE: MIH & ZQA Pass Full Council]
Full vote follows Committee approval following extensive modifications after receiving community input and testimony for months. On March 17, 2016, the City Council Subcommittee on Zoning and Franchises and the Committee on Land Use each voted on Mayor Bill de Blasio’s proposed Mandatory Inclusionary Housing and Zoning for Quality and Affordability proposals. The full Council is expected to approve the proposals at today’s City Council Stated Meeting. To see CityLand‘s comprehensive chart outlining the … <Read More>