If your building includes commercial tenants, be aware that New York’s moratorium on COVID-related commercial foreclosures and evictions will be in place until at least Oct. 20. The moratorium was set to expire Sept. 30, but Governor Cuomo recently signed a new executive order extending...
New York City Council’s Committee on Environmental Protection recently held a hearing on Intro. 1947, a bill that would amend Local Law 97, which requires applicable buildings to cap carbon emissions. Local Law 97 mandates a 40 percent reduction in citywide emissions by 2030 and 80 percent...
City Comptroller Scott Stringer has officially launched his mayoral campaign. He is seeking to brand himself as a progressive candidate. In his remarks announcing his candidacy, Stringer spoke on Mayor Bill de Blasio and his legacy, saying the current administration has done more to exacerbate...
The DOF recently announced another postponement of the annual tax lien sale until Sept. 25, 2020, to give New Yorkers additional time to pay debt or enter into payment plans. The lien sale is administered by the NYC Department of Finance, which sells overdue property taxes, water and sewer...
New York City Council Speaker Corey Johnson and Council Housing and Buildings Committee Chair Robert Cornegy recently announced that the City Council has designated funding in the Fiscal Year 2021 budget for several programs to provide relief to both renters and homeowners dealing with the...
In an advisory opinion issued on July 30, the DHCR extended the deadline for filing annual rent registrations to Sept. 30, 2020. According to the opinion, the postponement is in response to the governor’s directive to take every effort to keep New Yorkers safe and mitigate the spread of...
Two bills were introduced recently in the NY State Senate and Assembly that propose removing the vacancy rate from the criteria for rent regulation until two years after the state’s Covid-19 emergency declaration is over. The legislation, introduced by Manhattan Democrats Senator Brad...
Mayor Bill de Blasio recently announced a new program to provide housing security to tenants across the city who may be facing hardship due to the COVID-19 pandemic. Effective immediately, the Landlord-Tenant Mediation Project will serve New Yorkers each month by addressing rent-related issues...
The DHCR recently issued new procedural guidance for in-person visits to the Office of Rent Administration (ORA) Borough and District Rent Offices. Here are the details:
Mayor Bill de Blasio recently signed a bill on reporting of short-term rental data. The bill defined which short-term rental transactions through platforms such as Airbnb have to be reported to the Office of Special Enforcement.
Proposed legislation recently introduced by New York State Senator Zellnor Myrie would prevent all eviction and foreclosure filings for commercial and residential tenants until a year after any part of Governor Andrew Cuomo’s statewide disaster emergency is still in place. The legislation...
On May 28, the State Senate and Assembly voted to approve a bill to create a $100 million fund to pay rents for people who have lost income because of the COVID-19 crisis. The Emergency Rent Relief Act of 2020 passed the Senate by a vote of 61-0 and the Assembly by a 98-45 margin. It now heads...
