Council Member Ritchie Torres. Image credit: NYCC/William Alatriste

UPDATE: On May 10, 2017, the City Council voted 45-4 to approve the extension of the moratorium on hotel-to-condo conversions within the Borough of Manhattan. Council Members Daniel Garodnick, David Greenfield, Steven Matteo, and Paul Vallone all voted in the negative. The Committee on Housing and Buildings previously voted 11-0 on May 8, 2017. The bill will now go to the Mayor’s desk for his signature.

City Council Committee heard testimony in considering an extension on the Manhattan moratorium on hotel-to-condo conversions. On May 2, 2017, the Committee on Housing and Buildings held a hearing on a bill to continue for two years a limitation on conversions of hotels to condominiums. The Manhattan hotel industry alone generates about $11.8 billion in economic activity and generates more than 65,000 jobs throughout the City. The industry contributed $1.8 billion in tax revenue to the City in fiscal year 2015. (read more…)

Council Member Margaret Chin. Image credit: NYCC/William Alatriste

Housing Committee approves six pieces of legislation from package of 21 bills on construction safety, more to follow including apprenticeship bill. On April 24, 2017, the City Council’s Committee on Housing and Buildings approved six bills from a package of 21 on which the Committee heard testimony on January 3st. For CityLand’s prior coverage of that hearing, click here. Chair of the Committee, Jumaane Williams, noted that the Committee planned on approving some of the remaining fifteen bills soon, including the controversial Intro. 1447-2017 which would require all construction workers citywide to participate in an apprenticeship program or have commensurate work experience. (read more…)