Comptroller calls for an expansion of property tax relief programs in the City. On September 6, 2018, New York City Comptroller Scott M. Stringer issued a report detailing property tax increases in the City from 2005 to 2016 and their effect on households at different income levels. The report highlights the dramatic impact that these increases have had, particularly on households with incomes below $50,000 and the inability of existing property tax relief programs to … <Read More>
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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.
Comptroller Report Finds Airbnb Usage Contributed to High Rent Problem
On April 2018, New York City Comptroller Scott M. Stringer issued a report on the impact of Airbnb on City rents. The report looked at how the home-sharing company impacted rent in the City over the period of 2009 to 2016. The report found that rental rates increases during this time period can be attributed to Airbnb.
LPC Approves Favorable Report for Century Association Building
In exchange for bulk waivers for 16th Street development Tishman Realty will restore and maintain the Century Association Building. At its meeting on September 12, 2017, the Landmarks Preservation Commission revisited an application by Tishman Realty to create a restoration and maintenance plan for the individually landmarked Century Association Building as part of a 74-711 special permit application to City Planning. The City Planning application entails the redevelopment of an adjoining lot at 110 … <Read More>
Mayor Bill de Blasio Reports Progress of Housing New York Plan
At the close of fiscal year 2017, the Mayor’s Administration is ahead of schedule in achieving its goal to build 200,000 affordable homes in 10 years. On July 13, 2017, Mayor Bill de Blasio announced an update on the progress that has been made to achieve the goals set forth in his Housing New York plan, which seeks to build 200,000 affordable homes in 10 years. According to the announcement, the City secured 24,293 affordable … <Read More>
DOI Report Exposes NYCHA’s Failure to Maintain Fire Safety Devices
The Department of Investigation’s Report found that NYCHA maintenance workers were negligent in their duties to ensure smoke and CO detectors were functioning. On October 4, 2016, the Department of Investigation issued a Report finding that New York City Housing Authority maintenance workers frequently ignored their obligation to perform safety checks and often falsified documents to cover up their negligence. DOI Commissioner Mark G. Peters stated in the Report that, “DOI has now found that … <Read More>