DCP Releases Storefront Vacancy Report

The causes of vacancies vary due to differences in local economies and other community characteristics. On August 8, 2019, the Department of City Planning released “Assessing Storefront Vacancy in NYC”, a report which examines retail patterns and storefront vacancies across 24 different neighborhood shopping corridors around the city.

Anchor Parks Initiative Reconstruction Begins at Brownsville’s Betsy Head Park

The $30 million reconstruction project brings brand new amenities to the historically underserved Brownsville park. On March 19, 2019, Department of Parks and Recreation Commissioner Mitchell J. Silver, Council Member Alicka Ampry-Samuel, Brooklyn Community Board 16, and local students and residents broke ground on the reconstruction of Betsy Head Park in Brownsville, Brooklyn. Betsy Head Park’s reconstruction is one of the five projects of Mayor Bill de Blasio’s Anchor Parks Initiative, a $150 million … <Read More>

How to Enjoy Fireworks in NYC Legally this Summer

All types of fireworks are illegal throughout New York City and any person who violates the law could be subject to fines and/or jail time. There is something special when a firework is lit and sent into the sky, exploding with a beautiful array of colors. Each firework is unpredictable. The noise can be too much to bear for some, but for others it is like you are a kid again when you see fireworks … <Read More>

Report Looks At Threats To Affordable Housing In City Neighborhoods

City neighborhoods report threats to affordable housing. The Association for Neighborhood & Housing Development released its 2018 report on “How Is Affordable Housing Threatened in Your Neighborhood?” The report provided its findings in a chart on all neighborhoods in the five boroughs and indicators of threats to affordable housing. The Association is the umbrella organization of 100 non-profit affordable housing development groups, which serves low- and moderate-income residents in all five boroughs.

421-a Property Tax Process Renewed

The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>

$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments

A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.