Proposed legislation would include requirements to provide information about how to respond to suspected deed fraud. On October 13, 2020, the City Council Committee of Housing and Buildings and the Committee on Finance held an oversight hearing examining the City’s deed theft and deed fraud crisis, and discussed two bills and a resolution aimed at combatting deed theft: Int 1913, Int 1919, and Res 1427.
Search Results for: Reports
Mayor de Blasio Launches BE NYC to Grow Black Businesses
On August 19, 2020, Mayor de Blasio announced BE NYC, a new initiative that will increase the number of Black-owned businesses in high-growth industries Citywide. Additionally, the Department of Small Business Services has released the landmark Black entrepreneurship report and launched four new programs for Black business owners.
[UPDATE] Council Looks to Amend Third-Party Delivery Service Bills to Address Proper Timeframe
Small Business hearings takes dire tone. On August 13, 2020, the City Council Committee on Small Business held a remote public hearing, on three bills that would cumulatively limit third-party food delivery services and require the Department of Small Business Services to create reports on COVID-19 related small business grants and loans. Beyond the three bills, the hearing also delved into the state of small business in the City and potential action to alleviate stresses … <Read More>
Comptroller’s Audit Reveals DOT Inadequate Maintenance of Street Name Signs
The DOT still does not have a complete inventory of the City’s 250,000 street name signs. On August 14, 2020, New York City Comptroller Scott Stringer released a follow-up audit of the Department of Transportation, three years after the original audit of their street name sign maintenance. The 2017 audit of the Department of Transportation revealed significant inadequacies in the Department’s ability to install and maintain street signs, and the 2020 audit revealed that the … <Read More>
Mayor Announces FY20 Affordable Housing Statistics
Mayor’s affordable housing announcement appears more retrospective than optimistic. On August 5, 2020, The Mayor’s Press Office released a statement touting the amount of affordable housing created in fiscal year 2020. The announcement states that the City preserved 23,520 homes and constructed 6,503 new units, totaling 30,023 affordable City financed homes. More than 50 percent of these homes serve families earning less than $52,000 and 3,600 people received voucher increases to ameliorate income lost from … <Read More>
Comptroller’s Report Reveals COVID-19 Impact on Minority- and Women- Owned Businesses
Eighty-five percent of the survey respondents expect to go out of business within six months. On July 10, 2020, New York City Comptroller Scott M. Stringer released a comprehensive analysis of the economic hardships minority and women-owned enterprises (M/WBEs) are facing during the COVID-19 pandemic. In response to the survey findings, Comptroller Stringer announced new accountability measures to ensure the City is meeting its M/WBE goals.