DOT Announces Expansion of On-Street Carshare Program Following Successful Pilot

On February 7, 2023, the New York City Department of Transportation (DOT) announced an expansion of a citywide curbside carshare program following a successful five-year pilot program. Carsharing allows participating members to access a vehicle for short-term use by hour or day whose cost includes maintenance. The cars are parked in publicly accessible locations to allow users to reserve vehicles, walk up to the reserved vehicle and use it, and then return it to the <Read More>


Dept. of Finance Announces Notice of Property Value Sessions for Each Borough

The first session is tonight in Brooklyn, with additional sessions to follow. On February 3, 2023, the NYC Department of Finance announced a citywide series of Notice of Property Value (NOPV) information sessions. Property owners received a Notice of Property Value from Finance in January. The Notice of Property Value provides information about market and assessed value and other relevant information so that owners can review the information ahead of the finalization of the assessment <Read More>


Mayor Reveals Task Force Recommendations to Convert Underused Office Space to Housing

On January 9, 2023, Mayor Eric Adams announced a set of recommendations from the Office Adaptive Reuse Task Force for changes to state laws and city zoning requirements to make it easier for the conversion of underused office space to housing. The COVID-19 pandemic transformed how many companies operate, transitioning to work-from-home or hybrid structures that require less office space, while the city experiences an ongoing affordable housing crisis.


Governor Announces Over $390 Million for Ten Affordable and Supportive Housing Projects Across the State, Four in NYC

On January 19, 2023, Governor Kathy Hochul announced that over $390 million was awarded through bonds and subsidies for affordable and supportive housing statewide. With additional private funding, over $600 million is expected to be invested to preserve over 1,600 units in ten projects across the state, including four projects within New York City. The four New York City projects are Bedford Green House Phase II in Fordham Heights in the Bronx; Shepherd Glenmore in <Read More>


DOT Cuts Ribbon on Completed Improvements Outside Pelham Bay Park Station in the Bronx

On January 23, 2023, NYC Department of Transportation Commissioner Ydanis Rodriguez joined MTA President Richard Davey, elected officials and transportation advocates to celebrate the completion of transit improvements around the Pelham Bay Park station in the Bronx. The Pelham Bay Park station is the terminal stop for the 6 train in the northeast Bronx. Outside the station, commuters can transfer to the Bx12 Select Bus, and five other transit lines. The area serves as an <Read More>