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.
In last month's Insider, we discussed the Department of Environmental Protection's accelerating phaseout of the dirtiest heating oils. The city's new regulations, issued in 2011, ban the heaviest heating oils—No. 4 and No. 6—that are still used in approximately 10,...
The Rent Guidelines Board (RGB), a nine-member panel that sets annual rent increases for rent-stabilized apartments, met on May 1 to vote on preliminary numbers for increasing rent-stabilized rents. The board voted for rent hikes of between 1.75 and 4 percent on new one-year leases and increases...
Owners of large apartment buildings in the city are bearing more of the property tax burden than owners of one- to three-family homes, according to a recent report released by NYU's Furman Center for Real Estate and Urban Policy. The report is titled “State of New York City's...
On May 4, the New York City Water Board approved a 7 percent rate increase in water rates that it had earlier proposed, in addition to raising fees for certain services. The increase, while the smallest in seven years, is the city's 16th annual hike for metered and unmetered water rates. The...
The City Council is considering two new elevator safety bills. One would require certification for mechanics, and the other would require elevators to be equipped with extra safety mechanisms.
The proposed legislation is prompted by the tragic death of the advertising executive who was...
The Rent Guidelines Board (RGB) is mandated by law to establish yearly rent adjustments for rent-stabilized apartments in New York City. The board holds an annual series of public meetings and hearings to consider research from staff, and testimony from owners, tenants, advocacy groups, and...
