Legislation would extend rent stabilization laws for three years and call on state legislature to strengthen existing laws. On March 2, 2015 the City Council Committee on Housing and Buildings held a public hearing on Intro 685, a proposed law to amend the city’s administrative code and extend New York City’s existing rent stabilization laws. Intro 685 declares the existence of a “housing emergency”, where the city’s vacancy rate drops below 5 percent, and … <Read More>
Search Results for: Hearing
City Planning Holds Hearing on One Vanderbilt Proposal
Representatives from the project developers, Grand Central Terminal, and private citizens argued the proposal. On February 4, 2015 the City Planning Commission held a public hearing on the proposed One Vanderbilt skyscraper project. The proposed building would be 1,450 feet high and take up a block bounded by Madison Avenue to the west, Vanderbilt Avenue to the east, 42nd Street to the south, and 43rd Street to the north. The project would also include transit … <Read More>
Wide Community Opposition Voiced in Hearing on Three-Dwelling Development
Applicants sought to subdivide lot with existing home to construct to new buildings, and also build another dwelling on adjoining site. On February 17, 2015, the Landmarks Preservation Commission considered an application to develop three new free-standing homes in the Fieldston Historic District. The site is composed of two lots at 4680 Fieldston Road, with one lot, to be subdivided, currently occupied by a 1918 one-family home. According to the New York Times, … <Read More>
Public Housing Committee Holds Oversight Hearing on NYCHA Private Investment
NYCHA Chairwoman Shola Olatoye answered questions on the Triboro Preservation Partners agreement. On February 10, 2015 the City Council Committee on Public Housing held an oversight hearing on Triborough Preservation Partners, a public-private agreement between the New York City Housing Authority, L+M Development Partners, and BFC Partners. The venture was designed to rehabilitate six of NYCHA’s Section 8 properties containing nine hundred units: Bronxchester Houses, Saratoga Square, Campos Plaza, Milbank-Frawley, East 4th … <Read More>
City Council Holds Oversight Hearing on 421-a Program
HPD Commissioner Been, others testify on effectiveness of the program. On January 29, 2015 the City Council Committee on Housing and Buildings held an oversight hearing on the 421-a tax benefit program. The program, established in 1971 by the New York State Legislature, was designed to spur residential development of underused land by granting a property tax reduction to developers for a period of ten to twenty-five years, with an objective of increasing affordable housing … <Read More>
City Council Holds Oversight Hearing on Short-Term Rentals
Eight-hour hearing covered testimony from supporters and opponents of short-term rental businesses. On January 20, 2015, the City Council Committee on Housing and Buildings held an oversight hearing on the effects of short-term rentals on New York City’s economy and neighborhoods. Over the course of eight hours, the committee heard testimony from independent tenants, representatives from the Mayor’s Office of Special Enforcement, the home-sharing website Airbnb, owners of local bed-and-breakfasts, and members of … <Read More>