Monthly Archives: July 2015

Flood Of Permits, Ebb Likely

Never mind whether you are building in one of the 15¬† neighborhoods targeted for upzoning or seeking 421a tax incentives, every residential project that requires any rezoning will have to have at least 25 percent affordable apartments according to a … Continue reading

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No Hiding

Luxury condo or building buyers cannot hide their identity behind an LLC as easily under new rules adopted by the City, the New York Times reported this week. Instructions for the Real Property Transfer form now require the name and … Continue reading

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Deregulated or Not?

Does a vacating tenant’s legal regulated rent have to be $2700 or more before the unit can be deregulated, or does the legal rent for the incoming tenant after the vacancy just have to add up to $2700 whether or … Continue reading

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Fair Housing, Or Affordable Housing? Pick One

Two shoes dropped in the wake of last week’s disparate impact ruling by the Supreme Court. The Anti-Discrimination Center filed suit, Tuesday, against the City’s policy of offering a local preference in affordable housing lotteries. The objection is that when … Continue reading

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Zero

On Monday the Rent Guidelines Board approved a 0 percent increase (nada, zilch) for one year stabilized lease¬† renewals starting in October, and 2 percent for two year leases. Earlier Monday, the Mayor signed a new law prohibiting employers from … Continue reading

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