“As the housing crisis drags on, New York City cannot afford to lose existing affordable housing to neglect or rely solely on costly new construction to close the gap. A…
"By passing the expanded J-51 proposal in this year’s budget, the governor and legislature have a chance to help co-ops afford the energy upgrades mandated by Local Law 97, keep…
A new version of the heavily criticized expired J-51 property tax incentive is back. Advocates argue it will encourage landlords to renovate apartments and will help them afford the upgrades…
With the state’s annual spending plan due in less than three weeks, the Senate and Assembly are calling for a housing plan that both incentivizes development and protects tenants from…
“A housing package that protects tenants, builds affordable housing, and creates good jobs is possible, but bad actors in the real estate industry would rather hold my members and all…
Gov. Kathy Hochul’s proposed legislative budget for the new year includes another attempt at replacing the expired 421-a developer tax break. But she’s left lawmakers, construction unions and developers to…
“421-a or any alternative’s inclusion in our toolbox to tackle the housing crisis is by no means a silver bullet, but its absence has already and will continue to hamstring…
“Gowanus is a critical example, but there are other mixed-income projects with much needed affordable housing comprising thousands more apartments across the city—many in high opportunity communities, and all of…
“We think we’ve identified over 1,500 421-a buildings that are out of compliance with the rent stabilization laws,” said Aaron Carr, executive director at watchdog group Housing Rights Initiative. “Whether…
City councilmembers introduced new legislation Thursday to change the city’s fire code and allow homeowners more space on their roofs to install solar panels.