The industry won a major victory upholding the 4 year rule in overcharge cases in the matter of Regina Metropolitan, in which CHIP played a key role.
The Inwood rezoning approved last week apparently had an element ofcommercial rent control quietly inserted. New developments with more than $2 million in assistance from the City Department of Housing Preservation and Development will have to designate up to 5,000 square feet to be rented to businesses with ten year leases and limited rent increases.
Environmentalists and real estate organizations announced agreement this week on plans to reduce energy consumption by buildings in New York City by 20 percent by 2030, with a special carve out for rent stabilized and subsidized housing. In an attempt to avoid Major Capital Improvement rent increases, stabilized buildings will be asked to take limited energy saving measures instead of shooting for percentage savings.
The State Division of Homes and Community Renewal this week postedsummary rent guideline increases for New York City, Nassau, Westchester, and Rockland counties.
Supporters of a California referendum to expand rent control got a $10 million boost from an AIDS Healthcare Foundation with a contradictory record of calling for affordable housing and fighting new housing development.
HUD, meanwhile, is looking at revising its controversial Affirmatively Furthering Fair Housing efforts to attack local zoning that limits housing production.
As lower and lower blood lead levels are used to trigger paint inspections, other sources of lead seem more likely to be the actual cause. Consumer Reports,Thursday, issued a report identifying lead and other heavy metals in common baby foods.