Local Law 97, passed by the City Council in 2019, puts carbon caps on all buildings bigger than 25,000 square feet. With the exact rules still in draft form, landlords are trying to figure out what they need to do now.
Housing officials say that landlords registered 38,000 vacant units so far this year, down from the 60,000 reported in 2021. Landlords are still pressing for an end to restrictions they say keep apartments offline.
The Manhattan District Attorney’s Office contends six developers ‘fraudulently obtained’ more than $1 million in tax credits aimed at boosting affordable housing.
In his latest settlement with the AG’s office, Joel Wiener of the Pinnacle Group admitted he failed to disclose the need for major gas pipe repairs when selling formerly rent-stabilized apartments.
The Department of Environmental Protection has floated the biggest rate hike since 2014. The public is invited to weigh in two days this week.
The new figures are a guide for the nine-member Rent Guidelines Board before they make a preliminary recommendation in May, then a final vote on rent guidelines in June.
More than 30,000 luxury building workers and doormen authorized a strike on Wednesday if they do not reach a deal on a collective bargaining agreement that expires April 20.
The Rent Guidelines Board kept rent increases historically low during the de Blasio administration. The board must vote on rent prices by July 1, and Mayor Eric Adams’ recent appointees are worrying tenant advocates.
The backlog is thousands deep, and even those who got approved for funds have hit snags. Here’s your ERAP update from THE CITY’s Rent Updates newsletter.
The 421-a tax incentive costs the state $1.7 billion a year in lost revenue. Builders say, without it, New York’s housing crisis would be even worse. Here’s what to know as Albany debates the discount’s future.
Newly mandated improvements to building energy efficiency in New York aren’t just ways to mitigate climate change and get off of fossil fuels, but could lead to immediate quality of life benefits for people living in affordable housing.
More than 200,000 eviction cases currently pending in city housing courts could begin to move forward again as early as Tuesday. Read this if yours may be one of them.
Both sides agree that residents should be able to file for help even as the governor seeks a billion dollars from the federals to kickstart the pandemic aid. Meanwhile, debts and concerns mount as eviction moratorium end nears.
Many survivors of an eight-alarm fire are still barred from even retrieving their possessions. They’re in court now demanding swift action to make their apartments habitable again.
New Gov. Kathy Hochul vowed to speed up the state’s rent relief program. Meanwhile, the Supreme Court struck down the federal eviction moratorium and gutted the state moratorium, which ends Tuesday. Here’s what you need to know.
The state has paid out less than 5% of the $2.7 billion available, with any undistributed money likely to go back to the feds. Meanwhile, building owners and residents are at odds over a possible extension of the state’s eviction moratorium.
The feds have extended the residential evictions moratorium to Oct. 3, overriding New York’s Aug. 31 deadline. Meanwhile, applying for rent relief could offer additional protection against eviction. Here’s what you need to know.
The state’s badly needed $2.7 billion pandemic rental aid system has given out less than $1 million, with the eviction moratorium end a month away. Residents and owners slammed the glitchy, cumbersome application process.
The city Rent Guidelines Board decided to freeze the rent for the first six months — and then allow limited increases in the second six months for one-year leases. Here’s what you need to know to protect your rights.
Tenants and landlords still have two months to apply before the state’s rent moratorium expires. Here’s what you need to know — including how to get help in tapping the $2.7 billion first-come, first-served pot of funding.
Landlord and tenant advocates disagree over the level of residents’ enthusiasm for applying to the state to get back rent paid. But they agree tapping the $2.4 billion aid has been stymied by onerous paperwork and technical glitches.
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