At the CityLaw breakfast on August 28, 2015, Carl Weisbrod provided an update on the de Blasio Administration’s housing plan, which Weisbrod described as now in its “toddler” stage. The de Blasio program is the most ambitious of its kind in the country, and the biggest in New York since the Koch Administration. Today, the City is managing the problems of success: continued growth and a shortage of housing. Conversely, in the Koch era, … <Read More>
Search Results for: Incentive Program
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>
Grants planned for local brownfield cleanup program
Remediating City’s contaminated sites is a goal of PlaNYC 2030. In 2007, it was estimated that as many as 7,600 acres of land in the City may be contaminated. The State has administered a brownfield cleanup program since 1994, but many of the brownfields in the City plagued by light or moderate contamination do not qualify for the State’s program. PlaNYC 2030 proposed the creation of an office dedicated to promoting the cleanup and redevelopment … <Read More>
Grocery store zoning incentives debated
FRESH program would create incentives to encourage developing full-line grocery stores in underserved neighborhoods. On October 26, 2009, the City Council’s Zoning & Franchises Subcommittee heard testimony on the City’s proposed Food Retail Expansion to Support Health (FRESH) program. The program would provide zoning and financial incentives to encourage grocerystores in neighborhoods identified in a 2008 study as being underserved by stores offering a full range of fresh food. These neighborhoods are located primarily … <Read More>
Grocery store zoning incentives proposed
Program would create floor area bonus and other incentives in effort to increase number of grocery stores in underserved neighborhoods. On August 5, 2009, the City Planning Commission held a public hearing on the City’s proposed Food Retail Expansion to Support Health (FRESH) program. The program, a joint effort by the Department of City Planning and the City’s Economic Development Corporation, is a response to a City-sponsored study from 2008 finding that low- … <Read More>
City Comptroller audit faults HPD program
Problems found in HPD’s administration, inspections, audits and cost calculation for tax abatement program. On March 22, 2007, City Comptroller William C. Thompson issued an audit report on the Department of Housing Preservation and Development’s implementation of a tax abatement program, the J-51 Tax Incentive Program. The audit found problems with HPD’s handling of the program, specifically concluding that errors in cost calculations led to improper awards of tax benefits and incorrect fee assessments.
The … <Read More>