NYCHA seeks to raise revenue for capital repairs by selling transferrable development rights on NYCHA properties. On March 5, 2020, the New York City Housing Authority (NYCHA) announced the finalization of an agreement to transfer approximately 9,000 square feet of development and parking rights at the Hobbs Court development, located at 315 E 102nd Street in East Harlem, Manhattan.
Search Results for: Real Property Tax
Governor Cuomo Extends Eviction Moratorium Through August
Advocates and industry leaders calling for more protections and more action from Governor. On May 7, 2020, New York Governor Andrew Cuomo issued Executive Order No. 202.28, extending the eviction moratorium through August 20, 2020. The moratorium prevents the filing of eviction proceedings against both residential and commercial tenants. The original eviction moratorium, came by way of Chief Administrative Judge Lawrence K. Marks on March 15, 2020, and was reinforced by Governor Cuomo’s Executive … <Read More>
Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems
Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units.
HPD Proposes Affordable Homeownership Project in Bedford-Stuyvesant
Affordable homeownership project receives generally positive feedback. On January 22, 2020, the City Planning Commission heard an application by the Department of Housing Preservation and Development for the disposition of city-owned property and to designate three areas in the southern portion of Bedford-Stuyvesant, Brooklyn as Urban Development Action Areas. The UDAAP designation would help facilitate the construction of seven new buildings and 78 affordable homeownership units. Felipe Cortez, a borough planner at HPD and Jack … <Read More>
HPD to Redevelop Vacant Buildings for Homeless Families
HPD issues the Property Pathways RFEI seeking vacant, or partially vacant multifamily buildings that can be redeveloped into permanent housing for vulnerable New Yorkers. On December 19, 2019, Housing Preservation and Development announced its release of Request for Expressions of Interest (RFEI) for its new Property Pathways initiative. The Property Pathways initiative identifies privately-owned properties throughout the city with at least ten units that can be converted into safe and secure permanent housing to be … <Read More>
Council Subcommittees Hear Four Proposed Bills on Increasing Transparency in Land Use
The four proposed bills would provide the community and elected officials with the tools to make informed decisions about developments in their neighborhoods. On September 26, 2019, the City Council’s Land Use and Governmental Operations Committees held a hearing on four proposed bills that will increase transparency regarding new developments in the City, specifically with the transfer of development rights and testimony at the Board of Standards and Appeals. The four bills are a response … <Read More>