Community Benefit Agreements report released

Task force proposed a framework for negotiating future Community Benefit Agreements related to publicly assisted development projects. A Community Benefit Agreement (CBA) is a private agreement negotiated between developers and community groups in order to garner support for real estate development projects. In exchange for community support, a developer may agree to provide amenities, such as infrastructure improvements or wage guarantees which are not required by the City’s land use review process. Since 2005, … <Read More>

Mayor Announces Successful Enforcement Action and Agreement with Four Landlords Over Lead Safety Violations

On August 1, 2023, Mayor Eric Adams announced the successful enforcement against safety violations found in over 5,000 apartments through an agreement between the city and four landlords that have resulted in almost $500,000 in civil penalties, and required the landlords to resolve all outstanding violations and comply with Local Law 1, the New York City Childhood Lead Poisoning Prevention Act. 

Advocacy Coalition Launches Campaign to Urge Governor Cuomo to Release Affordable Housing Funds

The campaign seeks to push Governor Cuomo to release the funding before the conclusion of the legislative session on June 16, 2016. On May 23, 2016, the “Campaign 4 NY/NY,” an advocacy group endorsed by more than 300 organizations, launched a campaign urging Governor Andrew Cuomo to release the $2 billion committed in the State budget to the creation of supportive housing. Governor Cuomo announced the commitment in his State of the State address in … <Read More>

IPSIG Agreements: A Vehicle to Rehabilitate Vendors

IPSIG_final_(small)Under ordinary circumstances the City may not enter into a contract with a vendor when the City finds that the vendor is not responsible because of tax, criminal, financial, ethical or performance reasons. It may not always be in the City’s interests, however, to refuse to deal with the vendor. One option available to the City that allows the City to continue to do business with such a vendor is an Independent Private Sector Inspector … <Read More>

Liu: City’s Marriott Marquis Lease is a $345 Million Land Giveaway

The City’s Economic Development Corporation is famous for doling out corporate welfare without making sure that the companies that get those tax breaks and subsidies produce jobs.

Our latest discovery, however, shows just how wasteful and disgraceful that agency’s actions can be.

My Audit Bureau uncovered a secret deal that the EDC made in 1998 with the Marriott Marquis Hotel that could cost our taxpayers at least $345 million. In fact, it may be the … <Read More>

Audit cites EDC for Water Club’s lease violations

EDC faulted: Comptroller found waterfront restaurant violated lease’s revenue- reporting and site-improvement requirements. An audit by City Comptroller John C. Liu concluded that MDO Development Corporation violated its lease agreement for a City-owned site occupied by the Water Club restaurant along the East River between East 30th and 32nd Streets in Manhattan. The audit found, among other things, that MDO did not accurately report revenue from the restaurant and failed to make required site improvements. … <Read More>