Feature

Stop Collecting Retroactive MCI Increases If Tenants Appeal

January 25, 2019    
Several new and re-elected state senators have made eliminating rent increases tied to major capital improvements (MCIs) important parts of their housing agenda. Last year, State Senator Mike Gianaris and Assemblyman Brian Barnwell introduced a bill in their respective chambers that would repeal...
Management Basics

Provide Indoor Allergen Hazard Information to Prospective and Current Tenants

January 25, 2019    
Local Law 55 of 2018, the Asthma-Free Housing Act, became effective on Jan. 19. Under this law, an owner of multiple dwellings will be required to inspect units annually for indoor allergen hazards, such as mice, cockroaches, rats, and mold. And it requires owners to prevent and remove these indoor...
Management Basics

DOF Publishes FY 2020 Tentative Assessment Roll

January 25, 2019    
On Jan. 15, the New York City Department of Finance (DOF) announced the publication of the tentative property assessment roll for fiscal year (FY) 2020, which shows the total market value of all New York City properties for the upcoming year at about $1.323 trillion, an increase of $72 billion, or...
In the News

City Sues Firm for Running Illegal Short-Term Rental Operation

January 25, 2019    
New York City recently sued Metropolitan Property Group (MPG) along with a number of associated entities and people for turning at least 130 apartments across 35 residential buildings, including one entire building in East Harlem, into illegal short-term rentals primarily through Airbnb. According...
In the News

Construction Report Shows Surge in Filings for Multifamily Housing

January 25, 2019    
New York YIMBY recently issued its annual construction report, which includes all new development job applications filed with the Department of Buildings (DOB) from Jan. 1 to Dec. 31, 2018. In 2018, the total number of multifamily units filed with the DOB increased 70 percent from the prior year....
In the News

Mayor Promises Protections for Tenants in State of the City Address

January 25, 2019    
Mayor de Blasio vowed to create new protections for tenants in his sixth annual State of the City address, a sweeping speech focused on the difficulty of city living. During the speech he announced the creation of the Mayor’s Office to Protect Tenants. De Blasio created the office mid-speech...
Feature

City Council Considers Tenant Protection Bill Package

December 18, 2018    
Speaker Corey Johnson recently introduced a package of bills that focus on protecting tenants in rent-stabilized apartments from harassment by the owners. With the speaker in support of them, the bills have a good chance of passage in the Democrat-controlled Council with some minor revisions and...
Management Basics

Complete Annual Bedbug Filing with HPD by Jan. 31

December 18, 2018    
HPD’s bedbug portal is now available and, for this current filing period, owners have until Jan. 31, 2019, to complete their annual bedbug filing. You can find the online application through HPD’s homepage under the Quick Links section at https://www1.nyc.gov/site/hpd/index.page.
In the News

Borough President Suggests Tax Breaks in Exchange for New Rent Restrictions

December 18, 2018    
Bronx Borough President Ruben Diaz, Jr., recently proposed pairing new rent restrictions with a tax-break for property owners. The plan is intended to end the threat of sudden, significant rent increases in regulated apartments where tenants currently enjoy preferential rents and compensate owners...
In the News

Furman Center Releases Policy Brief on Housing Court Legal Assistance

December 18, 2018    
The NYU Furman Center recently released a policy brief on New York City’s Universal Access to Counsel (UAC) program, which guarantees legal representation for income-eligible tenants facing eviction in Housing Court. In 2017, New York City enacted the first legislation in the country...