Landlord not responsible for more than four years of overcharged rent. On August 16, 2018, the Appellate Division for the First Department held that the landlord for 27 West 96th Street in Manhattan did not engage in a fraudulent scheme to evade the Rent Stabilization Law and therefore the New York State Division of Housing and Community Renewal (DHCR) had miscalculated the amount of overcharged rent that was due back to tenants.
Search Results for: Incentive Program
Development Will Add Eight Affordable Units in Melrose
New development on current vacant lot will include eight affordable units and ground floor commercial space. On September 5, 2018, the City Planning Commission held a public hearing on an application by the Department of Housing Preservation and Development (HPD) for the acquisition of property at 599 Courtlandt Street in the Melrose section of the Bronx. The property is located between East 150th and East 151st Streets. The applicants plan to build a … <Read More>
421-a Property Tax Process Renewed
The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>
Mayor Urges Emissions Reductions for Existing Buildings
Mayor Bill de Blasio calls for emissions reductions by mandating improvements to existing buildings. On June 2, 2017, Mayor Bill de Blasio signed Executive Order No. 26, Climate Action Executive Order, to commit New York City to the principles and goals of the Paris Agreement. On September 14, 2017, the Office of the Mayor announced new mandates on building upgrades to implement the executive order. According to the Mayor’s press release, these mandates … <Read More>
Comptroller Audit Finds that HPD Review of Affordable Housing Sponsors Was Effective
Comptroller audit finds that HPD’s controls to ensure that housing incentives were rewarded to qualified applicants were largely effective. On June 27, 2017, the Office of the city Comptroller Scott Stringer released a report of an audit of the Department of Housing Preservation and Development. The audit sought to evaluate whether HPD had adequate controls to ensure that its housing incentive projects were properly awarded to property owners and developers that qualified for the program, … <Read More>
City Council Hears Testimony on Inclusionary Housing Transparency
City Council Committee heard testimony on legislation to codify reporting requirements for the Department of Housing Preservation and Development regarding inclusionary housing and affordable units. On June 19, 2017, the City Council’s Committee on Housing and Building held a hearing on a package of five bills. Four of the bills concerned the Department of Housing Preservation and Development’s reporting requirements for affordable housing developments. The fifth bill concerned the definition of residency in the City’s … <Read More>