Feature

3 Tips to Navigate City’s Efforts to Increase Fair Housing Testing

March 24, 2023    
The city commits funds to fight source-of-income discrimination.  
New Laws & Regs

New Deadlines for Phasing Out Fuel Oil Grade No. 4 Boilers

March 24, 2023    
The maximum penalty for burning No. 4 oil after the phase-out dates has been increased to $10,000.  
New Laws & Regs

Mayor Signs Laws to Strengthen Fire Safety

March 24, 2023    
The legislation responds to the risks related to e-bikes and lithium-ion batteries.   Although e-bikes and e-scooters are an affordable and convenient alternative to cars, the fires caused by the batteries that power such micromobility devices are a significant problem in New York City. The...
Management Basics

Large Building Owners to Submit Benchmarking Data by May 1

March 24, 2023    
Failure to benchmark will result in a violation and a penalty of $500.  Local Law 84 (LL84) requires owners of large buildings to measure their energy and water consumption annually in a process called benchmarking. LL84 standardizes this process by requiring building owners to enter their...
Management Basics

DHCR Updates Documents to Reflect Private Housing Finance Law

March 24, 2023    
PHFL allows higher rent collection for certain low-income housing projects.   On Dec. 15, 2022, Governor Hochul signed Section 610 of the Private Housing Finance Law (PHFL) to resolve a conflict for low-income housing owners between their rental subsidy program and rent stabilization laws. As...
Management Basics

OSE Opens Short-Term Rental Registration Portal

March 24, 2023    
In the December 2022 issue of the Insider, we highlighted the Mayor’s Office of Special Enforcement (OSE) proposed rules to implement Local Law 18, the short-term rental registration law (see OSE Proposes Rules to Implement Short-Term Rental Registration Law).
Feature

Comptroller Recommends Changes to How City Enforces Heating Requirements

February 21, 2023    
A recent report highlights the city’s failure to adequately address heat complaints.  
New Laws & Regs

Council Unanimously Votes to Expand Rights of Elderly Tenants

February 21, 2023    
New York City’s population of older adults, which currently represents 20 percent of the city’s entire population, will grow as the Baby Boomer generation ages. A 2021 CUNY Graduate Center study reports that the population of adults ages 65 and older in New York State will increase 25...
Management Basics

DEP Announces Temporary Amnesty Program for Overdue Water Bills

February 21, 2023    
On Jan. 30, Mayor Eric Adams and NYC Department of Environmental Protection (DEP) Commissioner Rohit T. Aggarwala announced a temporary amnesty program for overdue water bills. Amnesty means forgiveness, and in this context, it means partial or complete interest forgiveness for qualified customers.
Management Basics

DOF to Conduct Notice of Property Value Information Sessions

February 21, 2023    
In the last issue of the Insider, we notified you that the NYC Department of Finance published the tentative property assessment roll for fiscal year 2023 (see DOF Publishes FY 2023 Tentative Assessment Roll). In January, the DOF sent a Notice of Property Value (NOPV) to property owners including...
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