Grateful Taxpayers?

Property taxes will go up almost 6 percent under the 2017 City Budget proposed by Mayor de Blasio yesterday, but average class two taxes will likely average closer to an 8 percent increase based on tentative assessment rolls released last week. The Mayor was quoted as saying taxpayers would be happy he did not propose raising rates as well as valuations.

The Appellate Division, First Department, just can’t help itself. In Lafayette Boynton Hsg. vs. Picket, it reinstated a tenant post eviction despite, as one judge put it, there being no statute permitting the remedy and shaky case law. The judge went on to complain that reinstating evicted tenants “forces landlords to serve as de facto no-interest lenders to low-income tenants.” Nevertheless, he concurred in the decision.

Last week’s expiration of the 421a program left tenant advocates, developers and politicians unclear over what comes next. There seemed to be general agreement, however, that fewer new housing units would be built in low income neighborhoods and that a revised 421a or new construction incentive program would rise from the ashes eventually.

Join us for two important seminars at the New York County Lawyers Association Building, 15 Vesey Street. Both are from 9 a.m. to 11. February 24th, our panel will examine DHCR’s new campaign to re-regulate apartments in J51 buildings. March 1st, we will cover rent setting and other regulatory requirements under existing 421a and inclusionary zoning programs. Fees apply and CLE credits are available. Call the CHIP office and ask for John, or email for reservations and information.

ABO members have until February 1st to file for extra rebates on certain building products they have purchased since July. Delta faucets, Honeywell Security systems, and Carrier HVAC systems are among dozens of products eligible.

This week’s BuildingsNY exhibitor focus is on SW24. Meet them at the Javits Center May 24-25th.

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