Monthly Archives: April 2014

Price Index Projection Wrong as Usual

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

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Build it Back

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

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Incomes and Evictions Both UP

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

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Renter Rebate Approved

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

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