The building is expected to expand the City’s manufacturing industry and create more middle class jobs. On November 9, 2017, Mayor Bill de Blasio opened Building 77, one of the central buildings within the Brooklyn Navy Yard Industrial Park. The building and its $185 million renovation is a part of a billion dollar investment financed by Brooklyn Navy Yard Development Corporation, the Mayoral City Capital, the City Council, and the Brooklyn … <Read More>
Search Results for: Housing and economy
City Council Holds Hearing on Hotel-to-Condo Conversion Moratorium [UPDATE: CITY COUNCIL APPROVES EXTENSION]
UPDATE: On May 10, 2017, the City Council voted 45-4 to approve the extension of the moratorium on hotel-to-condo conversions within the Borough of Manhattan. Council Members Daniel Garodnick, David Greenfield, Steven Matteo, and Paul Vallone all voted in the negative. The Committee on Housing and Buildings previously voted 11-0 on May 8, 2017. The bill will now go to the Mayor’s desk for his signature.
City Council Committee heard testimony in considering an extension … <Read More>
Rent Guidelines Board Freezes One-Year Leases for 2nd-Year in a Row
Board votes for rent freeze despite strong push for a rent rollback by City Council coalition. On June 27, 2016, the New York City Rent Guidelines Board held a final vote to set guidelines for 2016-2017. This vote took place one year after the Rent Guidelines Board made a historic decision to freeze one-year leases instead of raising them.
State Legislature Passes Bill to Ban Online Advertisements of Illegal Short-Term Apartment Rentals
The legislation, which is the first of its kind in the Nation, represents New York’s newest tool in its battle with Airbnb. On June 17, 2016, the New York State Legislature passed the first state bill in the Nation to ban online advertisements for illegal apartment rentals. The bill, sponsored by Assembly Member Linda Rosenthal and Senator Andrew Lanza, seeks to protect the at-risk stock of the City’s affordable housing units, which are illegally rented … <Read More>
City Officials Continue Push Against Airbnb Bad Actors
Following Mayor’s appearance on Daily Show, Deputy Mayor Glen calls on release of names of bad hosts. On March 7, 2016, Deputy Mayor for Housing and Economic Development Alicia Glen requested that Airbnb provide the City with the names and addresses of the hosts illegally using its website. Deputy Mayor Glen’s letter was written in the wake Mayor Bill de Blasio’s March 3rd appearance on The Daily Show with Trevor Noah, where he discussed the … <Read More>
Legislation Proposed in NY State Assembly Would Put an End to Online Advertising of Illegal Short-Term Apartment Rentals
Elected officials and affordable housing activists unite at State capitol in support of the legislation. On February 24, 2016, 300 members and supporters of the Share Better coalition rallied at the State capitol in support of Assembly Bill A08704, which would ban most online listings advertising rental apartments for less than thirty days per renter. Bill A08704 was proposed to the State Assembly approximately one month after a report was released to the public that … <Read More>