Roof rehabilitations are part of the de Blasio administration’s plan to improve NYCHA’s physical infrastructure and safety. On April 5, 2018, Mayor Bill de Blasio announced that the roofs at 65 NYCHA buildings have been completely replaced as part of the Mayor’s plan to replace the roofs of NYCHA buildings. Mayor de Blasio has invested $1.3 billion so far to repair 950 roofs of NYCHA buildings. The new roofs will reduce mold on NYCHA buildings … <Read More>
Mayor
Mayor Signs Legislation To Extend Rent-Stabilization Laws
Due to City’s low vacancy rate, rent stabilization laws have been extended. On March 27, 2018, Mayor Bill de Blasio signed legislation to extend rent regulation laws for the next three years. The laws will remain in effect until April 1, 2021. State rent stabilization laws continue to be effective when the vacancy rate is below 5%. The City’s vacancy rates are determined and measured by the Housing and Vacancy Survey, which is conducted every … <Read More>
New JPMorgan Chase State-of-the-Art Headquarters to Rise At 270 Park Ave
JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>
Free Legal Services for Small Businesses with Lease Issues
Small businesses will now receive free legal services for issues related to a business lease. On February 6, 2018, the de Blasio administration announced the launch of the new Commercial Lease Assistance Program, which will offer assistance to small business owners with lease negotiation, landlord issues, lease renewal, and eviction notices. Non-franchise businesses that meet an income requirements will be eligible for this program.
$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments
A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.
$13 Million Investment for Heating Emergencies in NYCHA Buildings
Facing the recent below-freezing temperatures, Mayor Bill de Blasio has committed to help with NYCHA’s response to heating emergencies and failing equipment with a substantial investment. On January 18, 2018, Mayor de Blasio announced a $13 million investment to assist the New York City Housing Authority response to heating outages and replace equipment. The investment will allow NYCHA to replace malfunctioning boiler systems, acquire mobile boilers for emergencies, hire repair staff, and repair windows to … <Read More>