Category Archives: Uncategorized

New Law, Old News?

The State Legislature (probably temporarily) adjourned this week, but couldn’t leave Albany without passing a bill, to require rent stabilized lease riders to include information about ancillary service charges and describe them. If that sounds familiar, it’s because the rider … Continue reading

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Storefronts Available, And More Available

There are 188 vacant storefronts on Broadway in Manhattan, with 55 of them north of 155th Street, according to a survey by the Borough President’s office released Monday. President Trump is naming Lynne Patton, an event planner with no housing … Continue reading

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Tax Levy Up $1.6 Billion

Property taxes overall will go up 6.6% under the Fiscal 2018 budget approved by the New York City Council, Tuesday. The Council added $200 million in estimated property tax revenues above the Mayor’s executive budget proposal–for a total increase of … Continue reading

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Signatures Here and There

Mayor de Blasio, as expected Tuesday, signed legislation requiring apartment buildings to maintain minimum winter night time temperatures of 62 degrees between 10 p.m. and 6 a.m., beginning October 1st. The bill was one of more than two dozen new … Continue reading

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Turning Up the Heat

Nighttime building temperatures will have to be a minimum of 62 degrees next winter, regardless of outside temperature, under legislation passed by the City Council yesterday and expected to be signed by the Mayor. CHIP and ABO opposed the measure, … Continue reading

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A Good Freeze

City water rates will be frozen at 2016 rates for another year per the Department of Environmental Protection’s recommendation to the Water Board yesterday. A State Supreme Court Judge has threatened to put an apartment building into receivership if the … Continue reading

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Bugging Owners

Building owners will be required to file annual reports on bedbug infestations and either send notices to tenants or post the information under legislation signed into law by Mayor de Blasio, Wednesday. The law goes into effect in six months. … Continue reading

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Budget Reprieve, For Now

Congress, yesterday, gave final approval for increased funding for tenant and project based Section 8 for the remainder of the fiscal year ending September 30th–basically allowing for continued funding of existing benefits due to inflation–but the Trump administration is seeking … Continue reading

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Another Tax Hit

Mayor De Blasio’s 2017-18 Executive Budget Proposal, released Wednesday, anticipates a 5.9% overall increase in property taxes. As always, Class 2 residential would pay a disproportionate share. A coalition of homeowner and industry groups, including CHIP, announced a lawsuit, Tuesday, … Continue reading

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Not Every Rent Frozen

The Rent Guideline season continued to heat up this week with the release of Mayor De Blasio’s tax returns, showing he raised the rent on one of his apartments an average of 2.6% per year since 2009. No freeze there. … Continue reading

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