Strangers in Shorts

Airbnb expects to host 17,000 visitors for the NYC Marathon this weekend, so after you set your clocks back Sunday morning go see if you recognize the folks jogging out of your buildings.

The City Housing Authority has another way to see if extra people are living in their apartments. They estimate that there are 100,000 more people than are officially supposed to be there, based on weighing the garbage. Maybe watching bag counts could tell you the same thing.

The New York Building Congress estimates that 36,850 units of new housing will be produced in 2015, an increase of 16,400 units from 2014. The forecasted number of newly constructed units in 2015 would top the previous peak of 33,150 units produced in 2008. The forecast calls for 30,000 new units and $11.5 billion of residential spending in 2016, and 27,000 units and $10.5 billion in spending in 2017 as the bubble created by this year’s 421a deadline works through.

Councilman Donovan Richards introduced  legislation yesterday to ban smoking in public housing and  city financed affordable apartments, including any property getting a tax abatement or exemption.

The newly released term sheet for the Stuyvesant Town sale announced last week shows that the $144 million city “loan” to Blackstone will be at 0 percent interest and forgiven over 20 years.

Join us Thursday, November 12th, from 9 to 11 a.m. at the CUNY Graduate Center, 365 Fifth Avenue, for a seminar on the “Ins and Outs of Construction Issues at Adjoining Properties.” This seminar will address the various issues arising from construction activity occurring in adjoining properties from the perspective of both the owner performing construction and the owner of the adjoining property. Topics will include negotiating license agreements, seeking enforcement of agreements, code compliance, and insurance. Free for members. $50 for non-members. RSVP: Call the CHIP® office and ask for John or email

Attendees at NAHB’s International Builders Show in Las Vegas in January can enter a lottery for tickets to a Presidential Candidates Forum on housing issues, set for the evening of January 20th.

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