Last week, Governor Kathy Hochul and Mayor Eric Adams made announcements furthering New York’s fight against illegal smoke shops and reforming cannabis sales. The legalization of cannabis has forced the city and state to navigate the development of a new economy with the implementation of strict regulations; the state rollout of licenses and process for siting new dispensaries have limited the number of legal dispensaries that have opened statewide. While the state continues to navigate … <Read More>
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Mayor and SBS Celebrate Business Improvement Districts with Almost $7 Million in Investments
On May 6, 2024, Mayor Eric Adams and Small Business Services Commissioner Kevin D. Kim announced new investments to support business improvement districts (BIDs) and community-based organizations. Since 2022, the Adams administration has invested over $27 million for BIDs, merchant organizations, and other community-based development organizations.
DOT Discusses Bike, Bus Priority Lane Future Projects as Congestion Pricing Begins Next Month
On May 2, 2024, Department of Transportation Commissioner Ydonis Rodriguez announced proposed bus priority and bicycle lanes and discussed existing projects as part of efforts to prepare for the start of congestion pricing, set to launch on June 30th. Under the newly approved congestion pricing plan, drivers will be charged a toll to go south of 60th Street; the toll aims to encourage people to use alternative means of transportation to alleviate what is currently … <Read More>
Rent Guidelines Board Announces Proposed Increases for 2024-2025
On April 30, 2024, the Rent Guidelines Board released proposed guidelines for rent stabilized homes. The proposed guidelines, if approved, will dictate the permitted rent increases for rent stabilized apartments, lofts, and hotels for the time period between October 1, 2004 and September 30, 2025.
DOT Launches Incentive Program to Promote Off-Hour Deliveries, Reduce Daytime Congestion
On April 24, 2024, the New York City Department of Transportation Commissioner Ydanis Rodriguez announced incentives to reduce truck deliveries during busy hours of the day in an effort to improve traffic safety, protect the environment, and combat daytime congestion and double-parking. DOT will donate $6 million to incentivize nighttime deliveries from 7 pm to 6 am through their Off-Hour-Delivery Program (OHD). The funding will be allocated through the US DOT’s Congestion Mitigation and Air … <Read More>
Comptroller Launches Dashboard to Track Shelter and Homelessness Data
On April 18, 2024, the New York City Comptroller Brad Lander launched Charting Homelessness in NYC, a dashboard that will track NYC’s shelter population, eviction filings, and shelter exits with housing vouchers in an effort to collect data around factors that contribute to homelessness.