Image Credit: New York Senate.
The law places limits on various mechanisms through which landlords of rent-regulated units can raise rent and provides many other protections for tenants. On June 14, 2019, Governor Andrew M. Cuomo signed into law the Housing Stability and Tenant Protection Act of 2019, which Cuomo called “the most sweeping, aggressive protections in state history.” The legislation extends and strengthens rent protections for tenants across the state and went into effect before the expiration of the existing rent regulations on June 15, 2019. The new legislation makes the rules permanent, repeals high-rent vacancy deregulation and vacancy and longevity bonuses, reforms rent increases for major capital improvements and individual apartment improvements, creates protections for tenants across the state, and allows communities outside of the City to opt into rent stabilization. Assembly Speaker Carl E. Heastie and Senate Majority Leader Andrea Stewart-Cousins sponsored the bills with many co-sponsors in both the State Senate and State Assembly. (read more…)
From left to right: John Schoettler, Vice President for Global Real Estate at Amazon, Governor Andrew M. Cuomo, and Mayor Bill de Blasio during the November 13, 2018 announcement of LIC’s selection for Amazon HQ2. Image Credit: Ed Reed/Mayoral Photography Office
The Committee will advise on issues related to construction and infrastructure priorities, and develop workforce strategies to ensure New Yorkers have access to the 25,000-plus jobs the project is expected to create. On December 11, 2018, Mayor Bill de Blasio and Governor Andrew M. Cuomo announced the formation of a 45-member Community Advisory Committee to the guide the Amazon Headquarters project. Local elected officials recommended community and citywide stakeholders to be Committee members. A Steering Committee will lead the full Committee and members will work through three subcommittees: Project Plan, Neighborhood Infrastructure, and Workforce. On November 13, 2018, Mayor de Blasio and Governor Cuomo announced Long Island City, Queens as one of two sites selected for Amazon’s second headquarter.
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