A long-standing feature of American tax policy is the exemption granted to nonprofit organizations, the largest of which is the exemption from local property taxes. The exemption, with origins back to the 18th century, is widespread. Among the 50 states, 17 state constitutions mandate property tax exemptions for charitable organizations, 25 authorize the legislature to give exemptions, and eight do not address the issue. New York State establishes two classes of exemptions for nonprofits: … <Read More>
Search Results for: City Council
Council Subcommittee Hears Testimony on One Vanderbilt
Representatives of the project and the Department of City Planning spoke during a four-hour hearing. On April 13, 2015 the City Council Subcommittee on Zoning and Franchises held a public hearing on One Vanderbilt, a proposed 1,450-foot commercial tower in East Midtown, as well as an accompanying proposal to rezone five blocks of Vanderbilt Avenue to create the Vanderbilt Corridor. The building will be located adjacent to Grand Central Terminal, bounded by East 42nd Street … <Read More>
Complete Video from the 124th CityLaw Breakfast with Melissa Mark-Viverito
On Friday, April 10, 2015 the Center for New York City Law at New York Law School, in conjunction with the Center for Real Estate Studies, hosted a City Law Breakfast featuring Melissa Mark-Viverito, Speaker of the New York City Council, as the guest speaker.
City Planning Approves One Vanderbilt Project With Modifications
The application seeks to rezone five blocks along Vanderbilt Avenue to permit construction of a new commercial tower. On March 30, 2015 the City Planning Commission approved SL Green’s proposal to build One Vanderbilt, a 1,450-foot commercial tower, and establish the five-block Vanderbilt Corridor. The building will be located on the block adjacent to Grand Central Terminal, bounded by East 42nd Street to the south, East 43rd Street to the north, Madison Avenue to … <Read More>
Councilmember Introduces Anti-“Poor Door” Legislation
Bill would prohibit restricting affordable unit tenants’ access to residential building amenities. On March 31, 2015, Councilmember Corey Johnson introduced Intro 731 at the stated meeting of the New York City Council. The bill would amend the New York City administrative code to prohibit discriminating against “any person or group of persons” in the use of amenities in their building because they occupy an affordable housing unit in the building. The bill would also extend … <Read More>
Elected Officials, Community Groups Rally Against Mayor’s Citywide Rezoning Plan
Speakers argued the plan eliminates residential zoning protections with little affordable housing benefit. On March 25, 2015 the Greenwich Village Society for Historic Preservation held a press conference on the steps of City Hall to protest Mayor Bill de Blasio’s proposed citywide rezoning plan, “Zoning for Quality and Affordability”. According to the Department of City Planning, the plan was created in response to zoning barriers identified by DCP and the Department of … <Read More>