Deal is retroactive to the programs’ expiration on June 15. On June 25, 2015 the New York State Legislature passed a bill extending rent-regulation protections for New York City. The laws had expired on June 15, and the Legislature temporarily extended its session to allow time for working on a longer-term solution. On March 11, the New York City Council passed an extension of the City’s rent-stabilization laws, as well as a package of resolutions … <Read More>
Search Results for: Affordable Housing
City Council Holds Oversight Hearing on Industrial Land Use
City officials questioned on policy to protect New York’s industrial sector. On May 6, 2015 the City Council Committee on Land Use held an oversight hearing on industrial land use policy in New York City with a focus on protecting and encouraging the City’s industrial sector from encroaching alternative uses. In his opening remarks, Councilmember and Land Use Chair David Greenfield emphasized as ineffective the City’s policy of designating Industrial Business Zones without changing the … <Read More>
CityLaw: Three Policy Questions for Nonprofit Property Tax Exemptions
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>
CPC Hears Request to Convert Artists’ Building to Residential Use
Proposed renovation would restore two floors lost to fire and open loft building to non-artist tenants. On December 3, 2014 the City Planning Commission held a public hearing on an application for a special permit for 102 Greene Street in the SoHo-Cast Iron Historic District, Manhattan. The building is three stories, with the Galeria Melissa gallery on the ground floor and two apartments above. The apartments are designated as Joint Live-Work Quarters for Artists … <Read More>
HPD Adopts Amendments to Mitchell-Lama Rules
New rules address transferability of applications, preferences for veterans, and more. On November 25, 2014 the Department of Housing Preservation and Development formally adopted amendments to the rules governing city-aided limited-profit housing companies, commonly referred to as the Mitchell-Lama program. A public hearing on the proposed changes was held on November 6, 2013 and public comments were received by HPD through November 30, 2013.
Mayor Signs Tenants’ Bill Of Rights into Law
Laws require tenants to be informed of landlord responsibilities and increase penalties for tenant harassment. On September 30, 2014 Mayor Bill de Blasio signed Local Law 45 and Local Law 47 of 2014 into law. The bills, referred to as the Tenants’ Bill Of Rights, were sponsored by Council Member Fernando Cabrera and Council Member Margaret Chin respectively, and are directed to increase protection of New York City tenants.