Feature

Rent Regulation Exit Strategy: Changes to Substantial Rehab Law in the Works

November 19, 2021    
A proposed bill wouldn’t block the exit—but it would require a formal approval process.     Owners’ ability to deregulate apartments and be exempt from rent stabilization requirements were severely eroded with the passage of the Housing Stability and Tenant Protection...
New Laws & Regs

City Council Extends Local Law 152 Gas Pipe Inspection Deadline

November 19, 2021    
Local Law 152 requires that all buildings with gas piping, except R-3 occupancy buildings (which are mostly one- and two-family dwellings), have their gas piping system inspected at certain intervals by a licensed master plumber (LMP).
Management Basics

Local Law 55: Perform Indoor Allergen Hazard Investigations by Dec. 31

November 19, 2021    
In New York City, Local Law 55 of 2018, the Asthma-Free Housing Act, requires that owners of buildings with three or more apartments keep their tenants’ apartments free of mold and pests. Under this law, an owner of multiple dwellings is required to inspect units annually for indoor allergen...
Management Basics

Local Law 69: Complete Annual Bedbug Reporting by Dec. 31

November 19, 2021    
As a result of Local Law 69 of 2017, apartment building owners are required to file bedbug infestation and treatment reports with HPD annually. Owners must file annually between Dec. 1 and Dec. 31 for the previous year, from November 2020 through October 2021.
In the News

ERAP Update: COVID Rent Relief Funds Depleted, Governor Requests More Federal Aid

November 19, 2021    
Nearly 280,000 households have submitted ERAP applications, and the number of payments issued to owners is 81,209 since the application portal opened on June 1, according to the Office of Temporary and Disability Assistance (OTDA), the agency in charge of distributing $2.7 billion through the...
Feature

What Owners Need to Know About the Landlord Rental Assistance Program

October 18, 2021    
Owners who couldn’t get relief in the original Emergency Rental Assistance Program can now apply for thousands of dollars in aid through a new state program launched on Oct. 7. The Landlord Rental Assistance Program (LRAP) gives eligible recipients payments of up to a year’s worth of...
Violations

A 'FAIRER' Way to Pay ECB Fines

October 18, 2021    
Under the Department of Finance’s new Environmental Control Board (ECB) amnesty program, if you have unpaid eligible ECB judgments issued by various city agencies and adjudicated by the Office of Administrative Trials and Hearings (OATH), you may be able to save up to 75 percent and have the...
Management Basics

DHCR Increases A/C Rent Surcharge for 2021–22

October 18, 2021    
The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $27.16, up $1.85 from $25.31 last year. This year’s increase reflects a 7.8 percent...
In the News

New City Council Bill Proposes Free Internet for Every Apartment

October 18, 2021    
Under a recently proposed bill by Council Member Ben Kallos, broadband Internet would be treated as a utility like electricity or hot water for apartments. If the bill is passed, existing buildings with 10 or more apartments would have until Jan. 1, 2026, to comply. And newly constructed apartments...
Feature

How to Apply the Rent Guidelines When ERAP Is Accepted

September 22, 2021    
If you’re accepting ERAP funds, you must abide by certain terms.