The audit report reveals that the misclassification of 140 properties has deprived the City of $1.7 million annually in lost property tax revenue. On February 18, 2016, the Office of the NYC Comptroller publicized the results from its audit of the New York City Department of Finance. The audit sought to investigate whether the Department of Finance had implemented procedures that adequately safeguard against the misclassification of Brooklyn property sites. The Comptroller’s Office and DOF … <Read More>
Search Results for: Real Property Tax
Commissioner Vicki Been on the de Blasio Administration’s Comprehensive Plan for Affordable Housing
At the CityLaw Breakfast on November 13, 2015 Commissioner Vicki Been outlined the de Blasio Administration’s recent actions and efforts to advance a coherent and far reaching housing policy for New York City, one that provides more affordable housing for low-income and working-class New Yorkers, strengthens neighborhoods, and at the same time protects those residents who are already benefiting from and have a continued need for affordable housing.
Six BIDs increase budgets
Council authorized budget increases for BIDs in the Bronx, Manhattan, and Queens. On January 18, 2011, the City Council adopted a local law authorizing increases in the annual budgets of six business improvement districts in the City. The boards of directors of the Grand Central Partnership, the 24th Street Partnership and the 125th Street Partnership in Manhattan, the Fordham Road BID, and the Mosholu-Jerome-East Gun Hill Road BID in the Bronx, and the Bayside … <Read More>
Local Law to preserve housing preempted
Affordable housing programs controlled by federal and state law. After multiple hearings on the declining number of affordable housing units, the City Council passed Local Law 79 of 2005 over a mayoral veto. The law gave tenants the right of first refusal to purchase their buildings when the owners sought to remove the properties from certain assisted rental housing programs. The law also allowed tenants who did not purchase their building to stay in their … <Read More>
COMMENTARY: Creating Social Housing in the Sky
By Assemblymember Harvey Epstein and Senator Cordell Cleare
The next innovation in the pursuit of permanently affordable housing for New Yorkers can be found amongst the glistening luxury high-rise condominiums. These high-rise condominium complexes will also include the next wave of cooperatively-owned and community-controlled affordable homeownership opportunities in New York City — social housing in the sky — if our bill, the recently updated Martin Act amendment (S3566A/A6921A), becomes law.
Public Design Commission Announces Election of Deborah Marton as President
On July 18, 2023, Deborah Marton, Executive Director of the Van Alen Institute, was unanimously elected President of the NYC Public Design Commission (PDC). Marton, who served as a PDC Commissioner since 2020, will build on former PDC President Signe Nielsen’s legacy by reviewing City-owned property designs and advocating for innovative, sustainable, and equitable public spaces and civic structures citywide.