Council backs not-for-profit sector with new legislation. On March 29, 2020, Local Law 42 of 2020 was adopted by the City without the Mayor signing it following unanimous City Council approval. Local Law 42 was originally introduced as Int. No 245-of 2018 by Council Member Antonio Reynoso and was later amended twice. The new law creates an exemption for City tax lien sales of properties owned by not-for-profit organizations. The law also creates a not-for-profit … <Read More>
City Council
New York City Council to Hold First Ever Virtual Stated Meeting
Follow CityLand on twitter if you cannot watch City Council’s first ever virtual Stated meeting. On April 15, 2020, the New York City Council announced that it will be holding a Stated meeting on Wednesday April 22, 2020 at 1:30 PM. The meeting will be held remotely, a first for the New York City Council. The Stated meeting will be the first since February 27, 2020. The subsequently scheduled meetings were all canceled due to … <Read More>
Council Subcommittee Approves Hotel Building Conversion in DUMBO
The building conversion will bring 508 supportive and affordable residential units to DUMBO. On March 13, 2020, the City Council Subcommittee on Zoning and Franchises approved an application to facilitate the conversion of a 29-story former hotel building at 90 Sands Street. The building would be converted into a mixed-use residential use and community facility building with a future possibility for commercial use. To facilitate the conversion, the applicant, Breaking Ground, is proposing to rezone … <Read More>
Council Subcommittee Approves Eight-Story Mixed-Use Building in Sunnyside
The new development would be located near the 7 line and many bus stops. On March 13, 2020, the City Council Subcommittee on Zoning and Franchises approved an application to rezone part of 52nd Street in Sunnyside, Queens. The rezoning will affect the east side of 52nd Street, bounded by Roosevelt Avenue to the north and Queens Boulevard to the south. The street would be rezoned from a low-density residential zoning district that allows three-story … <Read More>
Council Subcommittee Hears Application for Affordable Homeownership Project in Bedford-Stuyvesant
HPD’s Open Door Program a key facet of Rochester Suydam application. On February 26, 2020, the City Council Subcommittee on Landmarks, Public Sitings and Dispositions heard the Department of Housing Preservation and Development and BJF Development’s application for the disposition of City owned property, the designation of an Urban Development Action Area and the approval of a property tax exemption under Article XI of the Private Housing Finance Law. The approval would facilitate the development … <Read More>
Developers Must Set Aside Affordable Retail Space in City-Funded Developments
The law will help provide more opportunities for small businesses to remain in the City. On February 23, 2020, Introduction 1408-B was enacted into Local Law 35 of 2020. Introduction 1408-B requires developers to set aside affordable retail space for non-chain retailers within large City-funded affordable housing developments. The requirement will apply to certain affordable housing developments of at least 750,000 square feet that receive $15 million or more in City funds. The law, sponsored … <Read More>