We are sad to report the passing, yesterday, of Jerry Belson, chairman emeritus of Associated Builders and Owners. Jerry was a builder, manager, industry leader and valued friend. He was an ABO member for more than 40 years, and will also be remembered for his charitable contributions and work for United Cerebral Palsy, the Jewish National Fund, and St. John’s University, to name just a few. Services will be at noon, Sunday, at the Community Synagogue, 200 Forest Ave., Rye, NY.
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The City’s Independent Budget Office concluded, yesterday, that “in the neighborhoods with large shares of regulated units with preferential rates, continued regulation might not make much difference in determining the cost of housing for tenants.” The IBO issued a study showing how preferential rents varied from less than ten percent in some neighborhoods to more than 60 percent in others.
The Mayor’s Management Report, also issued yesterday, reported a decline in emergency violations issued by HPD, in fiscal 2015, but a 6.6 percent increase in non-emergency violations due to owners’ alleged failure to post the newly required “ABCs of Housing” in 11,000 buildings.
A slew of new violations may be coming down the pike for owners who don’t put tamper resistant covers on electrical receptacles in common areas, under a new law that went into effect this month.
A report by REBNY that tried to establish that there was less affordable housing in Landmark districts may have backfired this week, coming under critical attack from even one of the researchers involved. It also equated affordable housing with regulated housing, as if owners and taxpayers weren’t paying extra for it.
We frequently hear from owners about the need for trained workers. ABO manages the Registered in Apartment Management class nationally and CHIP® will be offering RAM classes for its members on a regular basis. The next class is being presented at the Real Estate Education Center (reedc.com) in October 2015. Call the CHIP® office at 212-838-7442 and ask for Brent or email firstname.lastname@example.org to get details for this and other classes.
CHIP’s Year end economic update from James Glassman, focusing on New York City real estate, is scheduled for October 28th at 5:30 p.m. at 270 Park Ave. Cocktails and light refreshments will be served. Members only. Space is limited. Call John at 212 838-7442 or email email@example.com to reserve.