Search Results for: Scott Stringer

Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems

Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units.

City Comptroller Aims to Stop Astoria Fuel-Powered Peaker Plant

Comptroller Stringer sent the letter in opposition to the Astoria Replacement Project because of the project’s reliance on fracked gas. On September 4, 2020, New York City Comptroller Scott Stringer sent a letter to the New York State Department of Environmental Conservation (DEC) Division of Environmental Permits urging the DEC to review the NRG Energy’s Astoria Replacement Project. Comptroller Stringer raised concerns about the project due to the wellbeing and of Astoria residents and the … <Read More>

NYC Banking Commission Recommends Eliminating Interest on July Property Tax Payments

The recommendation will also impact interest rates for small property owners not impacted by COVID-19. On May 13, 2020, the New York City Banking Commission recommended that the City Council create a new hardship exemption to eliminate interest on late payments for property taxes due in July for small property owners who faced financial hardship due to COVID-19. The Banking Commission is comprised of Mayor Bill de Blasio,  Department of Finance Commissioner Jacques Jiha, and … <Read More>

Comptroller Releases Retail Vacancy Report in Response to City Planning’s Report

Comptroller’s office analyzes other sources of data, concluding retail vacancy is citywide problem. On September 25, 2019, New York City Comptroller Scott M. Stringer released a report regarding New York City’s retail vacancy crisis. Comptroller Stringer’s report is intended to fill a void in unexplored data from City Planning’s August 8, 2019, analysis of the same topic.

City Comptroller’s Response to Airbnb Guest Commentary

[The following guest commentary is a response to Airbnb’s commentary published here.]

New Yorkers are facing a growing affordability crisis, and over the years my office has examined many factors that have proven to contribute to the burden of rising prices – including, most recently, a report on the impact of Airbnb on New York City rental prices.