Monthly Archives: October 2014

Unconstitutional in San Fran

The US District Court in San Francisco found that City’s requirement for large payouts to rent controlled tenants when owners wanted¬† to get out of the rental business unconstitutional, in a decision on Levin vs. City and County of San … Continue reading

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More For Less

The pattern of building less housing for more money continues according to the latest Construction Outlook from the New York Building Congress. While residential spending is expected to rise by 60 percent this year, the number of new dwelling units … Continue reading

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New Hiring Hurdle

Local hiring preferences will pose another hurdle to developers trying to build housing under two initiatives by Mayor de Blasio revealed this week.¬† The Mayor announced that the Build It Back Program to restore neighborhoods hit by Hurricane Sandy will … Continue reading

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Permanent Affordability?

The New York State Attorney General’s office this morning released a memorandum outlining how an 80/20 developer could sell the market rate units in a project prior to benefits expiration, as long as “permanent affordability” for the low-income units could … Continue reading

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Commercial Tenants Must Hike Wages

Mayor de Blasio, Tuesday, signed an executive order raising the minimum wage for employees of commercial tenants in projects with more than $1 million in City subsidies. Analysts expect the order will affect about 18,000 workers, mostly in retail businesses, … Continue reading

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