On May 20, 2024, Mayor Eric Adams announced that the New York City Housing Authority (NYCHA) will begin accepting applications for the Section 8 Housing Choice Voucher program, which is the first time the waitlist has been open to new applications for almost 15 years. The voucher program is federally funded and administered by NYCHA for rental subsidies for low-come families to rent private housing. Households with a voucher can search for housing within a … <Read More>
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City and State Continue to Combat Illegal Smoke Shops, Reform Cannabis Sales in New York
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>
City Council Votes to Approve Gaming Facility Text Amendment
On April 18, 2024, the City Council voted to approve the Gaming Facility Text Amendment, which would create a framework within the zoning text to allow for the possible creation of up to three casinos citywide.
Dept. of Finance Launches Property Tax Exemptions Look Up Tool
On March 27, 2024, the Department of Finance released a new application status tool for property owners to check the status of their property tax benefit applications. The lookup tool, at www.nyc.gov/exemptionstatus, will also allow New Yorkers to request more information if their applications are incomplete.
City Receives Over $120 Million in Grants for Queensway and BQE Projects
On March 13, 2024, New York City Mayor Eric Adams announced the City’s acceptance of two federal grants worth a total of $123.6 million. The grants, “Reconnecting Communities and Neighborhoods Program” and “Neighborhood Access and Equity Program” were issued by the U.S. Department of Transportation and will be used on the Queensway project and for the Brooklyn Queens Expressway (BQE).
Around $117 million of the federal grants will go towards developing further the Queensway, a … <Read More>
City Launches $50 Million Initiative for Minority-Business Enterprise Developers to Work on Affordable Housing
On March 4, 2024, New York City Mayor Eric Adams, the New York City Housing Preservation Development (HPD) Commissioner Adolfo Carrión Jr., and New York City Housing Development Corporation (HDC) President Eric Enderlin announced an initiative to provide up to $50 million to help Minority Business Enterprises (MBE) overcome financial barriers and participate in developing much needed affordable housing for New Yorkers. The “New York City Minority Business Enterprise Guaranty Facility” is established in partnership … <Read More>