The watchlist and online map would keep track of affordable housing rental units at-risk of becoming unaffordable, as defined by specified criteria. On April 7, 2016, New York City Council Members Ritchie Torres and Mark Levine introduced a bill to implement the creation of a watchlist for affordable residential rental units Citywide that are at risk of losing their affordable-housing status. The bill provides the requisite criteria to be met by a residential rental unit … <Read More>
Search Results for: Mitchell-Lama
Council Committee Holds Hearing on Rent Stabilization Extension [UPDATE: Legislation Passes Council]
Legislation would extend rent stabilization laws for three years and call on state legislature to strengthen existing laws. On March 2, 2015 the City Council Committee on Housing and Buildings held a public hearing on Intro 685, a proposed law to amend the city’s administrative code and extend New York City’s existing rent stabilization laws. Intro 685 declares the existence of a “housing emergency”, where the city’s vacancy rate drops below 5 percent, and … <Read More>
Speaker Quinn Addresses Affordable Housing in State of the City Address
Presumptive mayoral candidate focuses on solutions to the “middle class squeeze” in speech. On February 11, 2013, City Council Speaker Christine C. Quinn gave her final State of the City Address. Speaker Quinn, who is term limited at the end of this year, is expected to announce her candidacy for mayor in September’s Democratic primary.
Quinn’s speech focused primarily on helping the middle class. The Speaker highlighted The Middle Class Squeeze, a report … <Read More>
Modified version of EDC’s plan moves to Council
Commission finds affordability issue outside its scope of review, modifies other aspects of plan. On September 24, 2008, the City Planning Commission approved a modified version of EDC’s Hunter’s Point South Redevelopment Plan. EDC’s plan seeks to create an affordable, middle-income community along the waterfront in Long Island City. The plan calls for 5,000 new residential units, 60 percent of which would be affordable to middle-income families of four making $55,000-$158,000. 5 CityLand 125 (Sept. … <Read More>
Landmarks Calendars NYU Towers for Designation
Towers were part of Robert Moses’ urban renewal project to preserve housing for middle-income Manhattan residents. Landmarks launched public consideration on the designation of three towers, collectively known as Silver Towers or University Village, located on the block bounded by LaGuardia Place and Bleecker, Mercer, and Houston Streets. New York University uses two of the towers for student and faculty housing, while the third is owned by a private cooperative and protected under the Mitchell-Lama … <Read More>
Hudson Square North rezoning on the horizon
Plan seeks to address pressure for residential development in the area. On January 7, 2008, the Planning Commission launched public consideration regarding KMG Greenwich’s proposal to rezone a five and a half block northern portion of Hudson Square, roughly bounded by Morton, Hudson, Clarkson, and West Streets. The proposed rezoning would facilitate the conversion of the building located at 627 Greenwich Street from commercial to residential as well as the development of a new 80,000-square-foot … <Read More>