The Maximum Base Rent Program affects housing conditions in New York City rent-controlled apartments. The program helps ensure that apartments under rent control provide enough income for their maintenance and for building improvements. Local Law 30 of 1970 stipulates that Maximum Base Rents be...
For the 16th year, HPD has announced its list of the most poorly maintained apartment buildings in New York City. As a result of placement on the list, there will be increased enforcement against these 250 buildings through HPD’s Alternative Enforcement Program (AEP). The AEP was...
The Rent Guidelines Board (RGB) is mandated by law to establish yearly rent adjustments for rent-stabilized apartments in New York City. The board holds an annual series of public meetings and hearings to consider research from staff and testimony from owners, tenants, advocacy groups, and...
The NYC Department of Finance (DOF) requires certain owners of residential properties to file the Real Property Income & Expense Statement (RPIE) every year. The DOF uses income and expense information gathered each year from this filing to value your property accurately for the upcoming tax...
The legislation responds to the risks related to e-bikes and lithium-ion batteries.
Although e-bikes and e-scooters are an affordable and convenient alternative to cars, the fires caused by the batteries that power such micromobility devices are a significant problem in...
Failure to benchmark will result in a violation and a penalty of $500.
Local Law 84 (LL84) requires owners of large buildings to measure their energy and water consumption annually in a process called benchmarking. LL84 standardizes this process by requiring building owners...
PHFL allows higher rent collection for certain low-income housing projects.
On Dec. 15, 2022, Governor Hochul signed Section 610 of the Private Housing Finance Law (PHFL) to resolve a conflict for low-income housing owners between their rental subsidy program and rent...
In the December 2022 issue of the Insider, we highlighted the Mayor’s Office of Special Enforcement (OSE) proposed rules to implement Local Law 18, the short-term rental registration law (see...
