Online Alerts

Independent Budget Office Finds Inefficiencies in 421-a Program

February 1, 2017    

The Independent Budget Office of the City of New York (IBO) recently issued a report that found the 421-a program was especially inefficient compared to the average tax break. It found the 421a program to be the city’s largest tax expenditure at $1.4 billion this fiscal year due to...

City Council Introduces Bill to Redefine ‘Residency’ for Lead Paint Removal Purposes

February 1, 2017    

In April 2016, the New York State Court of Appeals found that a landlord has no duty to remove lead paint from apartments where children 6 years or younger may spend time but don’t live. The court found that a child spending in excess of 50 hours a week in an apartment didn’t trigger...

DHCR Updates Forms with Correct Deregulation Rent Thresholds

February 1, 2017    

The DHCR has published updated Forms HRVD-N (Notice of Apartment Deregulation Pursuant to High Rent Vacancy) and RA-93 CF (Income Certification Form) to reflect the 2017 Deregulation Rent Thresholds.

The threshold remains $2700 in New York City.

NYC Amnesty Program Clears $150M in Penalties

January 5, 2017    

A three-month amnesty program run by the DOF cleared more than $150 million in penalties owed by New Yorkers due to fines from various city agencies. Proposed by City Council Member Julissa Ferreras-Copeland and agreed to by the City Council and Mayor Bill de Blasio, the September-to-December...

421-a Owners Receive Increased Scrutiny Over Wage Rules

January 5, 2017    

New York City and State regulators are increasing efforts to enforce wage rules for service workers at luxury apartment buildings whose owners receive 421-a tax breaks. The New York City Department of Housing Preservation and Development, the city comptroller, and the New York Attorney General...

Public Single Occupant Bathrooms Required to Be Gender Neutral

January 5, 2017    

As of Jan. 1, every building in the city that has a single-occupant bathroom that’s publicly accessible is required to remove gender-specific signage from single occupant bathrooms and indicate they may be used by all sexes. Larger, multiple stall single-sex bathrooms are not be affected...

City Sends Revocation Notices to 178 Buildings Receiving 421-a Benefits

December 1, 2016    

Mayor Bill de Blasio, Attorney General Eric T. Schneiderman, and Governor Andrew M. Cuomo recently announced that HPD has issued letters notifying owners of 178 residential buildings–with a total of 1,400 rental apartments–that their 421-a tax benefits will be revoked retroactively...

City Announces New Energy-Efficiency Program for Apartment Buildings

December 1, 2016    

Mayor de Blasio recently announced the launch of the NYC Building Operator Training Program to help residential buildings cut energy costs up to 20 percent. The new program offers a no-cost, 30-hour training program for small, multifamily building maintenance staff on ways to reduce energy...

Airbnb Settles Lawsuit with New York State, Suit with City Continues

December 1, 2016    

Airbnb Inc. settled its lawsuit against New York State over a new law restricting short-term rentals, with both sides agreeing that New York City, not the state, is responsible for enforcing it. The new law prohibits advertising of short-term rentals—less than 30 days—with violators...

Public Advocate Identifies 100 Worst Landlords for 2016

November 3, 2016    

Public Advocate Letitia James recently released the annual list of the 100 worst landlords in New York City. The list compiles the landlords who have accrued the most violations relative to the total buildings they own. The information is available here...

Airbnb in Talks with State and New York City to Settle Lawsuit

November 3, 2016    

Airbnb is in talks with New York officials about settling the lawsuit Airbnb filed after Gov. Andrew Cuomo passed a law targeting “hosts” with illegal listings with up to $7,500 in fines. Airbnb sued the city and New York State just hours after Cuomo signed the bill into law in...

City Council Considers Monitoring ‘Predatory Landlords’

November 3, 2016    

The New York City Council recently introduced three bills intended to provide greater protection to tenants at risk of being illegally evicted. The three pieces of legislation target so-called predatory equity landlords. Predatory landlords refer to landlords who buy buildings at high prices in...