HPD Commissioner Been, others testify on effectiveness of the program. On January 29, 2015 the City Council Committee on Housing and Buildings held an oversight hearing on the 421-a tax benefit program. The program, established in 1971 by the New York State Legislature, was designed to spur residential development of underused land by granting a property tax reduction to developers for a period of ten to twenty-five years, with an objective of increasing affordable housing … <Read More>
Search Results for: Real Property Tax
Joe Rose, Former City Planning Chairman on Weisbrod CityLaw Breakfast Discussion
Carl Weisbrod’s discussion of the de Blasio administration’s planning and zoning agenda was noteworthy both for its affirmation of continuity in New York City government’s leadership in the effort to create affordable housing and also in announcing a radical departure from the approach of previous administrations. When Chairman Weisbrod speaks, people should listen.
Garages – A Hidden Housing Asset
Thousands of new affordable apartments can be created in a few months – maybe not 200,000, but more affordable apartments can be put on the market within one year than we have built in many years.
Indeed, thousands of new affordable apartments can be created in a few months – and without federal subsidies or public incentives of any kind!!
Proposed Reforms to Improve the Landmarks Preservation Commission
The Landmarks Law, enacted in 1965 to preserve the city’s architectural, historical and cultural resources, contains few standards about what merits designation and few rules governing the process. This has resulted in broad brush designations that are of questionable significance and that are impeding the City’s larger planning, economic development, and housing efforts. It is time to amend the Landmarks Law to bring designations more in line with other city policies, provide more timely information … <Read More>
Empowering Communities for Land Access: Paula Segal, Executive Director and Legal Director of 596 Acres
Paula Segal is the founder, Executive Director, and Legal Director of 596 Acres, a non-profit community land access program in New York City that supports and advocates the transformation of vacant public land into sustainable community institutions. The name 596 Acres refers to the amount of vacant land in Brooklyn as represented by the Department of City Planning when the organization began in 2010. Ms. Segal is a graduate of City University of New … <Read More>
Ferris Wheel and Staten Island Revitalization Project Approved
Council gives go ahead for world’s largest Ferris wheel and outlet complex. On October 30, 2013, City Council unanimously voted 45-0 to approve the construction of the largest Ferris Wheel in the western hemisphere, which along with other developments, is intended to transform Staten Island’s St. George Waterfront. The New York Wheel (the Wheel), designed and manufactured by Starneth, will be built just north of the Richmond County Bank Ballpark, and will provide … <Read More>