Online Alerts

PACE Loans for Energy Retrofits Are Just Days Away

July 18, 2021    

Program will help owners comply with the Climate Mobilization Act.

By Paula Chin, Contributing Editor

Help is on the way for NYC apartment building owners worried about the high cost of retrofits that will help them reduce their buildings’ carbon emissions and...

State to Fund Hotel and Office Conversion to Low-Income Housing

July 15, 2021    

The Housing Our Neighbors With Dignity Act was recently passed by the New York State Legislature. It will allow some distressed hotels to be converted into permanent low-income housing units. Sponsored by Senate Deputy Majority Leader Michael Gianaris and Assemblymember Karines Reyes, the bill...

RGB Approves Six-Month Rent Freeze with 1.5% Hike for One-Year Leases

June 24, 2021    

On June 23, the Rent Guidelines Board (RGB) voted 5-4 to freeze stabilized rents for the first six months of one-year leases beginning on or after Oct. 1, 2021, then raise them 1.5 percent for the next six months. The RGB also voted to raise rents on two-year leases by 2.5 percent. The new rates...

OTDA Now Accepting Emergency Rental Assistance Applications

June 9, 2021    

New York State’s Office of Temporary and Disability Assistance (OTDA) recently started accepting applications for the Emergency Rental Assistance Program (ERAP). The most recent federal stimulus program has funded the program with $2.7...

OTDA's Emergency Rental Assistance Program Site Goes Live

May 19, 2021    

The Office of Temporary and Disability Assistance (OTDA) has made a new webpage live with information on the New York State rent relief program intended to prevent thousands of evictions by covering COVID-related arrears....

DOB Issues Energy Rating Label Violations, Extends Benchmarking Deadline

May 5, 2021    

The DOB recently released a service update extending the energy benchmarking compliance deadline to June 1. Typically, the deadline for submitting benchmarking data for applicable buildings is May 1. According to the service update, the extension is due to a "technological deficiency....

Judge Rules HSTPA Doesn't Prohibit Broker's Fees

April 21, 2021    

An Albany judge recently declared New York state regulators’ attempt to ban tenants from paying landlords’ broker fees an “error of law.” The decision comes more than a year after the Department of State issued guidance banning the practice. That guidance offered...

State Leaders’ Budget Agreement Includes Rental Assistance Funds

April 7, 2021    

Governor Andrew M. Cuomo, Senate Majority Leader Andrea Stewart-Cousins, and Assembly Speaker Carl Heastie recently announced an agreement on the FY2022 New York State Budget. The 2021-2022 State Budget includes $2.4 billion for the creation of a COVID-19 Emergency Rental Assistance Program. The...

Small Landlords Sue Attorney General Over NY Eviction Ban

March 3, 2021    

Five small landlords have sued New York Attorney General Letitia James. Attorneys for the group are arguing that the hardship declaration form is “unconstitutional compelled speech,” because it forces landlords to, in effect, voice support for a policy that is “squarely adverse...

DOB Announces Facade and Scaffold Safety Sweep

March 3, 2021    

The DOB recently announced the launch of a seven-week façade and scaffold safety blitz. This campaign includes direct educational outreach to construction workers and industry professionals on scaffold safety, as well as inspection sweeps on façade work sites across the five boroughs. DOB...

Sen. Gianaris, Housing Advocates Call for Housing Stability Relief Fund

February 3, 2021    

Housing advocates and Sen. Michael Gianaris (D-Queens) are calling for $2.2 billion to help struggling tenants and small landlords. Gianaris recently sent a letter calling on Gov. Cuomo to establish a Housing Stability Relief fund to pay owners for rent arrears and clear the debt of...

Queens Owner Didn’t Get Permission to Modify Front Door Lock

February 3, 2021    

New York Attorney General Letitia James recently announced agreements with an owner and a security firm over repeated violations of rent stabilization laws. The agreements resolve violations relating to the modification of a front door lock of the rent-stabilized building located in Flushing,...