Almost 55 percent of all renter households in New York City now pay more than 30 percent of their income towards housing costs, an increase of 11 percent since 2000. As a consequence, the City Planning Commission found that “many of the city’s neighborhoods are becoming less economically diverse, which poses a threat to the city’s economic competitiveness as well as to the opportunities available to lower-income New Yorkers.”
Mandatory Inclusionary Housing is one of … <Read More>
The watchlist and online map would keep track of affordable housing rental units at-risk of becoming unaffordable, as defined by specified criteria. On April 7, 2016, New York City Council Members Ritchie Torres and Mark Levine introduced a bill to implement the creation of a watchlist for affordable residential rental units Citywide that are at risk of losing their affordable-housing status. The bill provides the requisite criteria to be met by a residential rental unit … <Read More>
New York City Council Member and Deputy Leader Jumaane Williams sponsored both bills, which were signed alongside a green building construction bill sponsored by City Council Speaker Melissa Mark-Viverito. On March 28, 2016, Mayor Bill de Blasio signed into law two major pieces of legislation, sponsored by New York City Council Member and Deputy Leader Jumaane Williams, respectively titled the Domestic Violence Housing Discrimination Ban and the Green Construction bills. City Council Speaker Melissa Mark-Viverito … <Read More>
The bill seeks to fill the gap left open by the expiration of 421-a, the decades-old tax exemption program that expired on January 1, 2016. On March 15, 2016, New York State Assembly Housing Committee Chair Keith Wright, who represents Manhattan, introduced Assembly bill A9537, which would provide for new, taxpayer-funded affordable housing subsidies and job training programs. If enacted, the bill would incentivize the construction of affordable housing and affordable senior housing through subsidies, … <Read More>
The “421-a Extended Affordability Program Rules” would provide a 10 to 15 year extension to eligible buildings enrolled in the program prior to its expiration. On March 14, 2016, the Department of Housing Preservation and Development proposed two agency rules to extend the 421-a real property tax exemption program for those who already had been benefiting from the program prior to its expiration in June 2015. The State authorized HPD to promulgate the new rules … <Read More>
Despite disruption from Council public gallery, the modified plans were adopted without suspense. On March 22, 2016, the City Council voted to approve Mayor Bill de Blasio’s Mandatory Inclusionary Housing and Zoning for Quality and Affordability proposals at its stated meeting. The full vote follows extensive modifications by the Council to the original plan. The approved text amendments are significantly different from the earlier versions voted on by the Community Board and City Planning. For … <Read More>