The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026. On February 9, 2021, Mayor Bill de Blasio announced that the City financed the construction and preservation of 29,521 affordable homes in 2020. Fifty-seven percent of the affordable homes financed in 2020 will serve families of three that earn less than $52,000 per year. The city has financed over 177,000 homes through the Housing … <Read More>
Search Results for: Department of Finance
New York City Finances Over 25,000 Affordable Homes in 2019
The addition of over 25,000 affordable homes brings the City’s total affordable homes financed since 2014 to over 147,000. On February 3, 2020, the Department of Housing Preservation and Development announced that the City financed 25,889 homes in 2019. Of this number, 15,692 affordable homes were preserved and another 10,197 new affordable homes were financed.
CityLaw Profile: Frederick Schaffer, Chair of the Campaign Finance Board
In February 2017, Mayor Bill de Blasio appointed Frederick Schaffer as the Chair of the City’s Campaign Finance Board. The Board, which will be thirty years old next year, is responsible for enforcing New York City’s campaign finance law, monitoring campaign contributions and disclosures, overseeing the public matching funds program and enforcing the rules. Schaffer takes the reigns as the Board heads into the 2017 mayoral campaign.
Schaffer was born and raised in Brooklyn. One … <Read More>
15 Things To Know About NYC’s Budget To Be A City Budget Wonk
By Jim Caras
This month the Mayor releases his Preliminary Budget, marking the start of the City’s annual budget process for the 2026 fiscal year that begins July 1, 2025. The City Charter, in Chapter 10, requires the Mayor to propose a budget and the City Council to adopt a budget for each fiscal year. The City budget is a vitally important document that sets the City’s spending priorities by determining funding levels for various … <Read More>
Proposed Council Bill To Notify About Deed Changes Targets Deed Fraud
Deceitful real estate practices are on the rise in New York City, so a proposed local law aims to protect property owners against the growing threat of deed fraud, which disproportionately impacts vulnerable populations such as residents of underprivileged neighborhoods and the elderly. On October 10, 2024, Council Member Nantasha Williams introduced Int. 1086, a bill mandating timely notifications of deed changes, thus empowering property owners to proactively protect their assets and fostering a … <Read More>
Landmarks Votes to Calendar Brooklyn Edison Company Building in Downtown Brooklyn
On February 13, 2024, the Landmarks Preservation Commission voted to calendar the Brooklyn Edison Building for landmark designation. The 13-story building is located at 345 Adams Street in Downtown Brooklyn.