Monthly Archives: July 2016

Permit Bust

New Building Permits were issued for only about 5400 residential units in the first half of 2016, down 87% from last year, according to a report issued yesterday by the NY Building Congress. The rush to beat the 421a expiration … Continue reading

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Mayor Pushes Unions

Before leaving for Italy on vacation, Mayor de Blasio signed an executive order requiring that any project over 100,000 sq. ft. or 100 residential units receiving City financial assistance accept a “labor peace agreement” covering any retail and food service … Continue reading

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New Energy Code, Lost Housing Opportunities

The City Council, yesterday, gave final approval to a new Energy Code, which will be effective October 3rd. The U.S. Senate last night approved H.R. 3700, the Housing Opportunities Through Modernization Act, already approved by the House, which makes several … Continue reading

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Freezing in July

The Rent Stabilization Association, yesterday, brought the first of what could be several suits against the rent freeze voted last month by the New York City Rent Guidelines Board. Rent freezes were also adopted in Rockland County, which approved 0% … Continue reading

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