Citing a need to address the looming problem of preferential rents without harming landlords who operate as small businesses, the Bronx borough president backs a law to prevent sudden rent spikes in exchange for a discount on property taxes.
San Francisco voters approved a similar program, Los Angeles lawmakers tasked that city’s housing department with developing one, and places like Philly, Newark and the nation’s capital are headed down the same road. But there are lessons to be learned from the Big Apple.
The challenge contends the Inwood rezoning’s environmental impact study missed important factors such as the impact on preferential rent leases, racial displacement, and minority- and women-owned businesses.
The suit by the City Council and Manhattan Borough President is one of three possible cases involving the proposed skyscrapers.
But three members voted no, voicing objections over the plan and the process.
Earlier this year, Seattle’s nine-member City Council voted unanimously to tax Amazon to help fund a response to the city’s housing crisis. Then, it voted 7-2 to repeal it. What changed so many minds?
Stringer’s plan would shift the remaining 85,000 units of new construction under the mayor’s plan to serve very low-income and extremely low-income families.
Have you experienced a utility outage for more than one day since January 1, 2016?
The launch of the seven-month public review process starts the clock toward the likely rezoning of 14 blocks along the Bay Street corridor.
‘We have the opportunity to change the course for homeless New Yorkers and those on the brink of homelessness and we need to act now.’