The U.S. Senate sent President Obama a six year renewal of the Terrorism Risk Insurance Act and he is expected to sign it despite unrelated provision on financial regulation.
New City building code provisions become effective this month, including changes in stairway access, requirements for mold-resistant sheetrock, and a retroactive requirement for a publicly available tap and toilet in existing buildings that will function without electricity in case of flood or power outage a la Sandy.
The Daily News reported this week that the odds of getting one of 25 affordable apartments at the new Bedford Park Manor development in the Bronx are 2000 to 1. Ironically, the other apartments don’t cost much more. The affordable one-bedrooms are $1275 a month for households earning about $50,000 a year and the market rate one-bedrooms are only $1500. The buildings have a 421a tax break, so both the ‘affordable’ and ‘market’ units are rent stabilized.
Community Board 1’s Special Landmarks Committee wants to expand the South Street Seaport historic district to block a proposed 494 foot tower that is currently outside the district and, therefore, not subject to their review. Next they will probably want to expand the Community Board so they can opine on every other project.
SAVE THE DATE: Fuel Prices are Falling. Will They Keep Going Down? Should You Be Renegotiating Contracts? Join us for special energy price forecast and buying strategy session at 4:15 p.m. Thursday, February 26th at the Club 101. Invitations are going out soon.