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…)

Mayor Bill de Blasio. Image credit: CityLand

The Mayor’s Administration moves to deepen affordability of housing for lowest-income families and to aid more senior citizens. On February 10, 2017, Mayor Bill de Blasio announced two new housing initiatives to help seniors, veterans and families who are suffering the most from the housing crisis. The Mayor intends to increase by 10,000 the number of apartments in Housing New York serving households earning less than $40,000 a year. Of those additional 10,000, the Mayor will dedicate 5,000 to senior citizens and 500 to veterans. The Mayor will dedicate $1.9 billion to the expansion of this housing. The second initiative is an Elder Rent Assistance program to serve more than 25,000 seniors with monthly rental assistance up to $1,300. The new program is expected to be funded by the Mayor’s proposed ‘Mansion Tax.’ (read more…)

Lambert Houses. Image Credit: Google Maps.

UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lambert Houses application with modification. The approved application now includes the Mandatory Inclusionary Housing option with deep affordability—half of the apartments will now be affordable for those making 30 percent or less of the average median income. The City has committed $12.3 million for infrastructure improvements in the West Farms area, including the construction of two new schools in the area—adding at least 500 new school seats to the school district. Of the project, City Council Member Ritchie Torres said, “It will offer deeper affordability, significant infrastructure improvements and community upgrades that will benefit all of the residents of the West Farms neighborhood in the Bronx.” (read more…)

Mayor de Blasio and DOB Commissioner Chandler at Bill signing. Image Credit: Ed Reed, Office of the Mayor.

Costs for new developments and alterations are adjusted for the first time since 1991 to reflect equitable fee structure. On May 10, 2016, Mayor Bill de Blasio signed Local Law 56, which will alter building construction permit filing fees. Local Law 56, previously City Council Introduction 831, was introduced by Council Member Jumaane Williams at the request of the Mayor in June of 2015, and passed on April 20, 2016, to provide for a more equitable fee structure. (read more…)

Proposed rezoning of the Water Street POPS. Image credit: Department of City Planning

Council Members voiced concerns over the proposal’s provisions stripping the City Council of its review over future applications brought pursuant to the proposal. On May 4, 2016, the City Council Subcommittee on Zoning and Franchises held a public hearing on an application submitted by the Alliance for Downtown New York, the NYC Economic Development Corporation, and the Department of City Planning to amend the zoning text controlling the Water Street corridor in lower Manhattan. For CityLand’s previous coverage on the proposed rezoning of the Water Street POPS, click here.

(read more…)

Council Member Mark Levine speaking with Council Member Ritchie Torres to his left. Image credit: William Alatriste/New York City Council

The watchlist and online map would keep track of affordable housing rental units at-risk of becoming unaffordable, as defined by specified criteria. On April 7, 2016, New York City Council Members Ritchie Torres and Mark Levine introduced a bill to implement the creation of a watchlist for affordable residential rental units Citywide that are at risk of losing their affordable-housing status.  The bill provides the requisite criteria to be met by a residential rental unit listed on the watchlist, and calls on three separate City agencies to work together in creating and maintaining the watch list. (read more…)