Unlike previous years, starting in 2013, the annual property registration cycle will be the same for all properties that are required to register. All properties will be required to be registered annually by Sept 1.
On Feb. 27, 2013, Final Rules were published for Local Law 45 of 2012, which Mayor Bloomberg signed into law on Oct. 2, 2012. Local Law 45 emerged from the findings of a growing trend among New Yorkers to market rooms within residential apartment buildings for short-term use.
On Jan. 15, the city’s Department of Finance (DOF) released the tentative property assessment roll for fiscal year 2014, the tax year beginning July 1, 2013. According to the publication, the total market value of Class 2 properties, which consist primarily of cooperatives, condominiums,...
On Feb. 11, City Council Speaker Christine Quinn gave her final state of the city speech and, in doing so, laid out a proposal she says will make housing more affordable for New Yorkers. During her speech, she also unveiled a new study about the city’s shrinking middle class, showing that...
A bill that gets tougher on owners who make cosmetic repairs to buildings but fail to address underlying structural problems was recently passed by the city council. The bill passed unanimously and now goes to the mayor’s desk for his signature. If it becomes law, there will be a...
On Nov. 30, Mayor Bloomberg and Department of Environmental Protection (DEP) Commissioner Carter H. Strickland Jr. announced that the city would temporarily suspend water bills for properties that were severely damaged by Hurricane Sandy.
Mayor Bloomberg, the city’s Department of Housing Preservation and Development (HPD), Community Preservation Corporation (CPC), and Housing Development Corporation (HDC), together with Citi Community Capital, recently launched the Storm Recovery Loan Fund, a pilot program to provide up to...
A group of tenants in Manhattan Beach recently went to court to make their building’s owner get rid of a foul smell that Superstorm Sandy left behind. According to tenants, a smell has permeated the 49-unit property ever since sea water flooded the basement and sprang leaks in stored fuel...
State and federal officials are worried about an increase in the number of those displaced by Hurricane Sandy seeking temporary shelter. Although many people have stayed home despite having neither heat nor hot water, particularly in city housing projects in Coney Island and the Rockaways,...
Don't wait till you're hit with a rent overcharge complaint to get your old lease files in order. That's the advice of New York City attorney Erez Glambosky, who warns, “Since the 2010 Court of Appeals decision in Grimm v. DHCR, if a tenant submits a ‘colorable...
An owner who bought nine of the most run-down apartment buildings in the Bronx in April 2011, promising to revitalize them, has made approximately $10 million in repairs since buying them for approximately $28 million. Tenant advocates worry that the new debt total of $45.5 million—$10...
FBI agents recently arrested five more people in a widening probe of corruption allegations involving New York City government housing preservation officials. One city official and a former city employee were among those arrested on a variety of corruption charges.
