Mayor Bill de Blasio recently signed into law a landmark bill that forces home-sharing companies such as Airbnb to disclose information about its New York City hosts. The new law will take effect in February 2019 and requires Airbnb to disclose the names and addresses of its hosts. The...
Last October, New York landlord Steven Croman was sent to jail for a year and fined $5 million after being found criminally liable for fraud and tax evasion. New York Attorney General Barbara Underwood recently announced that Croman’s former tenants could be in for a share of an $8 million...
Fact Sheets describe the major elements of rent control and rent stabilization in New York City. The DHCR recently updated Fact Sheet #9, which covers security deposits and other charges, and Fact Sheet #11, which covers demolition.
The update to Fact Sheet #9 says the security deposit...
The City Council recently overwhelmingly approved a plan to rezone a large swath of Inwood. The proposal is part of Mayor Bill de Blasio’s plan to rezone up to 15 neighborhoods across the city and create and preserve 300,000 units of low-income housing by 2026. Inwood became the fifth...
The New York City Council recently passed a bill that requires Airbnb and other home-sharing sites to provide the names and addresses of its hosts to the city. Under state law, it’s illegal to rent out an apartment for less than 30 days unless the permanent tenant is there. If the host is...
City Comptroller Scott Stringer recently issued a report looking at the role security deposits play in the city’s housing market and outlines proposed statewide legislation that would help renters have access to apartments. According to the report, with minimal savings and rising rents...
Mayor de Blasio recently touted a new housing record. He said the city financed more than 32,000 low-income homes this past year, and nearly 110,000 since taking office. Of those, about 30 percent are new construction, while the rest have been preserved through subsidy. The mayor said the city...
Mayor de Blasio and Council Speaker Johnson recently announced the formation of a new advisory commission to develop recommendations to reform NYC’s property tax system with the goal of making it simpler, clearer, and fairer, while ensuring that there is no reduction in revenue used to...
An audit by state comptroller Thomas DiNapoli found that annual elevator inspections by outside contracted companies need stronger oversight. The audit looked at work done by certified elevator inspectors who worked for companies contracted by the DOB. While the DOB has 48 staff inspectors (as...
The Rent Guidelines Board recently issued a report highlighting additions and subtractions of dwelling units to and from the rent stabilization system in 2017. These statistics are gathered from various city and state agencies. This report is an update of previous studies done annually...
New York City Comptroller Scott Stringer recently issued a report detailing Airbnb’s effect on housing affordability from 2009 to 2016. The report says that when people put up their apartments for short-term stays, they are basically removing them from the rental market, lowering the...
Democratic gubernatorial challenger Cynthia Nixon recently released her plan to overhaul rent regulations. Nixon is promising to work with state lawmakers to reclaim and protect all units that were removed from rent stabilization through vacancy decontrol. She is seeking to re-regulate all of...
