Monthly Archives: April 2014

The Price Index of Operating Costs for rent stabilized apartments increased 5.7 percent over the past year, the Rent Guidelines Board announced yesterday. The Board had predicted a 2.6% increase, but significantly underestimated fuel costs. The projection for next year … Continue reading →

Mayor de Blasio, yesterday, pledged to have 500 Sandy-damaged homes rebuilt by the end of 2014. More than $1.2 billion is available for single and multifamily acquisition, repair and redevelopment. Contractors who want to get in on the projects have … Continue reading →

Unemployment fell, tenant incomes went up, non-payment actions declined – although actual evictions increased slightly – and while homelessness rose, permanent placement of homeless families in regular housing also increased, according to the Rent Guidelines Board annual study of Income … Continue reading →

April 4, 2014 – The state legislature early this week approved Governor Cuomo’s proposed renter property tax credit as part of the 2014 – 2015  budget (part k). The credit will also benefit condo owners. As approved, it will give … Continue reading →