On October 23, 2024, New York City Mayor Eric Adams announced the final rules regulating the City’s $2 million trade-in program for electric-powered mobility devices, such as electric bikes, and their batteries. This program is part of the City’s “Charge Safe, Ride Safe: New York City’s Electric Micromobility Action Plan” which aims to mitigate the risk of deadly e-bike fires, caused by uncertified lithium-ion batteries by promoting public safety and reducing the illegal … <Read More>
Mayor
Governor and Mayor Celebrate Over 600 Letters of Intent for 421-a Extension Program
On October 16, 2024, New York City Mayor Eric Adams and New York Governor Kathy Hochul celebrated the milestone of the New York City Department of Housing Preservation and Development (HPD) receiving Letters of Intent for approximately 650 buildings through the 421-a extension tax incentive program. The proposed 650 buildings represent roughly 71,000 new homes (including 21,000 affordable units) for New Yorkers. Currently, New Yorkers face a 1.4 percent rental vacancy rate, with half of … <Read More>
City Expands Program to Replace Private Lead Water Lines
On October 9, 2024, New York City Mayor Eric Adams announced the expansion of the lead service line replacement program. Through this free program, the City will cover the replacement of privately-owned water service lines, made of lead or galvanized steel, at eligible properties in the Bronx and Queens. Water service lines connect directly to the City’s water mains, and property owners are responsible for the maintenance of their property’s service lines, which are estimated … <Read More>
City Creates New Program to Help Affordable Housing Projects Go Green
On September 26, 2024, New York City Mayor Eric Adams announced the creation of the GreenHOUSE Fund to improve compliance with Local Law 97 for owners of buildings with affordable housing. Since 2019, Local Law 97 has required the majority of buildings over 25,000 square feet to meet new energy-efficient and greenhouse gas emissions requirements. The City’s ongoing climate goals include having the largest buildings produce zero emissions by 2050 and improving air quality.
City Announces Award of $260 Million in Federal Grants for Brooklyn Marine Terminal, Inwood Greenway Expansion
On September 23, 2024, Mayor Eric Adams announced that New York City was issued $260 million in federal grants from the U.S. Department of Transportation through the Bipartisan Infrastructure Law. The funding will support key infrastructure projects in New York City, including the transformation of the Brooklyn Marine Terminal and the construction of a greenway segment along 10th Avenue in Inwood. The City has secured $2.37 billion in funding, including roughly $1.3 billion in competitive … <Read More>
City Breaks Ground on New Stapleton Waterfront Esplanade
On September 13, 2024, New York City Mayor Eric Adams announced the ground breaking for the New Stapleton Waterfront, part of the City’s Staten Island North Shore Action Plan. The Staten Island North Shore Action Plan is a four-year plan that was announced in September 2023 by Mayor Adams and New York City Councilmember Kamillah Hanks. This $400 million investment aims to provide Staten Island’s North Shore with over 20 acres of public space, more … <Read More>