Monthly Archives: September 2013

That 70’s Problem

Posted on September 27, 2013 by abogny

The City released the second annual report on building energy benchmarking, Wednesday, establishing from two years worth of data that individual building usage is generally consistent. Apartment buildings built in the 1970s seem to have the worst energy performance in … Continue reading →

Posted in Uncategorized | Comments Off on That 70’s Problem

No More Money

Posted on September 20, 2013 by abogny

HUD announced this week that the FHA had exhausted its multifamily commitment authority for the fiscal year. They will process insurance applications received after September 16th, but can’t issue commitments until Congress provides more funds. Congress, of course, can’t even … Continue reading →

Posted in Uncategorized | Comments Off on No More Money

Christie Vetoes Rent Control Bill

Posted on September 13, 2013 by abogny

Turns out that an elected official can keep a promise and not pander to special interests. NJ Governor Chris Christie this week  vetoed a new rent control bill that would have allowed regulations on new senior housing. New Jersey passed … Continue reading →

Posted in Uncategorized | Comments Off on Christie Vetoes Rent Control Bill

Cuomo Would Limit Real Estate Loans

Posted on September 6, 2013 by abogny

Real estate lending in New York could be limited by a new state policy allegedly targeted at “Slumlord Prevention.” Governor Cuomo yesterday announced that banks would not get State Community Reinvestment Act credit for loans based on “Financial projections underlying … Continue reading →

Posted in Uncategorized | Comments Off on Cuomo Would Limit Real Estate Loans