Online Alerts

RGB’s Housing Supply Report Says Market Still Very Tight

June 7, 2018    

More housing units were created in 2017 than in the previous year, according to the recently released Rent Guidelines Board annual housing supply report. There was an 11 percent increase in the number of apartments created, but the vacancy rate is still very low, and 11.5 percent of housing is...

Interactive Map Shows Water Tank Inspections Neglect

June 7, 2018    

An investigation from City & State NY has found widespread neglect in the thousands of weathered wooden tanks that supply drinking water to millions of New York City residents. After a review of city records, City & State NY found that most building owners still don’t inspect and...

Bill Would Require Heat Sensor Installation in Buildings with Heat Code Violations

June 7, 2018    

Councilman Ritchie Torres, Councilman Robert Cornegy, Councilman Mark Levine, and Brooklyn Borough President Eric Adams recently introduced a bill that would require owners of buildings with the most heat code violations to install heat sensors. If passed, the city would be required every two...

Apartment Law Insider Wins Top Newsletter Award

June 6, 2018    

On June 6, New York Apartment Law Insider received the First Place Award for Best Business Newsletter, presented by the Specialized Information Publisher’s Association (SIPA) at its annual conference in Washington, D.C.

The judges based their decision on...

Rent Guidelines Board Sets Preliminary Rent Increase Ranges

May 2, 2018    

In its first, preliminary vote of the season, the Rent Guidelines Board (RGB) recently set the range of rents it will consider before its final vote setting the new rent guidelines in June. Rent-stabilized tenants could see their rents go up by as little as 0.75 percent to as much as 1.75...

HPD Rolls Out 'Aging In Place' Pilot Initiative

May 2, 2018    

HPD recently announced the full rollout of “Aging in Place,” a new preservation program tool that offers apartment modifications to residents living in buildings undergoing city-financed rehabilitation to increase safety and comfort in the home and reduce the risk of falls. HPD...

2018 Benchmarking Compliance Deadline Extended

May 2, 2018    

Local Law 84 (LL84) requires large building owners to annually measure their energy and water consumption in a process called benchmarking. The owners are required to enter their annual energy and water use in the U.S. Environmental Protection Agency’s (EPA) online tool, ENERGY STAR...

Mayor Signs Legislation Extending Rent Stabilization Laws

April 11, 2018    

On March 27, Mayor de Blasio signed legislation to extend rent regulation laws for the next three years. The laws will remain in effect until April 1, 2021. A vacancy rate below 5 percent allows the state rent regulation laws to continue to be effective in New York City. The city’s vacancy...

NYC Tax Commission Issues 2017 Annual Report

April 11, 2018    

A new report from the NYC Tax Commission for fiscal 2017 shows the independent agency received 54,730 applications to review property tax assessments by March 2017. These applications covered 211,034 separately assessed tax lots, having an aggregate assessed value of $223,161,504,033. According...

HPD Offers Building System Clinic

April 11, 2018    

On May 2, HPD is offering a clinic geared toward property owners. The clinic is billed as an opportunity to learn about how the city’s low- or no-cost financing and tax benefits can help owners upgrade or replace major building systems and lower operating costs. Representatives from HPD,...

HPD Numbers Show Low NYC Vacancy Rates

March 1, 2018    

Numbers from the New York City Housing and Vacancy Survey conducted for the city every three years by the U.S. Census Bureau were presented recently at a recent City Council meeting. Full data from the 2017 edition won't be out until this summer, but the city Department of Housing...

Chief Judge Wants to Implement Changes to NYC’s Housing Courts

March 1, 2018    

Chief Judge of the Court of Appeals and of the State of New York Janet DiFiore recently delivered the State of the Judiciary Speech. On the issue of Housing Court, DiFiore said, “New York City is experiencing its highest levels of homelessness since the Great Depression.”