The proposal would allow for the construction of a new ten-unit, four-story residential development on a vacant Brooklyn lot. On December 12, 2016, the City Council’s Subcommittee on Zoning and Franchises heard testimony on an application for the rezoning of three lots at 14–18 Carroll Street, in the Columbia Street Waterfront District neighborhood in Brooklyn Community District 6. The developer proposed the construction a ten-unit residential building on three vacant lots, totaling 6,229 square feet … <Read More>
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City Council Rejects Proposed Rezoning of Inwood Site Needed for New Development with 50 Percent Affordable Housing
City Council rejected the first private application of Mandatory Inclusionary Housing. On August 16, 2016, the City Council rejected a proposal to rezone a large corner lot in order to construct a new mixed-use development located at 4650 Broadway in Manhattan’s Inwood neighborhood. Currently a two-story commercial building operating as a parking garage and U-Haul truck rental facility occupies the site. The original proposal from the developer, Acadia Sherman Avenue LLC, was to build a … <Read More>
Comptroller Audit Finds $10 Million Wrongly Given In Tax Abatements
Audit determined the Department of Finance improperly gave abatements to condos and co-ops owned by corporations over a four-year period. On January 28, 2016 the Office of the City Comptroller Scott Stringer released a report of an audit conducted of the Department of Finance. In the final report, the Comptroller’s Office found the Department of Finance wrongly gave out over $10 million worth of property tax abatements to corporate-owned condominums, co-ops, indoor parking spaces, … <Read More>
Land Use Committee Approves New Two-Lot Wide Building on Controversial Site
Developers spent months engaging local representatives and neighborhood residents to garner their approval before formally initiating ULURP process. On January 28, 2016, the City Council Land Use Committee unanimously approved an application to construct a mixed-use building at 146–150 Wooster Street, located in Manhattan’s landmarked SoHo Cast-Iron Historic District. 150 Wooster LLC, the project developer and subsidiary of KUB real estate investment and design firm, is the second owner to attempt to build a … <Read More>
Rent Stabilization: Preserving Low and Middle-Income Housing
Rent regulation is not a new issue for New York City. But the headlines in June 2015 were far larger and the reactions more contentious than at any time in recent memory. For the first time in its 46-year history, the Rent Guidelines Board decided that there would be no increase in rents for one-year renewals on rent-stabilized apartments; it also limited increases on two year renewals to two-percent. Not surprisingly, tenants hailed the decision … <Read More>
Elected Officials, Community Groups Rally Against Mayor’s Citywide Rezoning Plan
Speakers argued the plan eliminates residential zoning protections with little affordable housing benefit. On March 25, 2015 the Greenwich Village Society for Historic Preservation held a press conference on the steps of City Hall to protest Mayor Bill de Blasio’s proposed citywide rezoning plan, “Zoning for Quality and Affordability”. According to the Department of City Planning, the plan was created in response to zoning barriers identified by DCP and the Department of … <Read More>