Advisory commission will conduct comprehensive review of property tax system. On May 31, 2018, Mayor De Blasio announced the formation of an advisory commission to develop recommendations to reform the City’s property tax system. The reform aims to make the property tax system simpler, clearer, and fairer, as well as ensure that there is no reduction in revenue used to fund essential City services. The property tax system has not had an in-depth review by … <Read More>
Search Results for: Senior Housing
Water Board Wins Rate Schedule Battle
Court of Appeals affirmed Water Board plan: credits to some, rate hikes for all. The New York City Water Board leases the reservoirs and water and sewage system from the City. Historically, the City tied the rental amount to the sum owed on the City’s water and sewer-related general obligation bonds. In 2003, however, the City began collecting rent above what was owed on the bonds. This increase led to a spike in water rates … <Read More>
COMPLETE VIDEO: 154th CityLaw Breakfast & 4th Annual Civic Fame Award Presentation
At this morning’s 154th CityLaw Breakfast & 4th Annual Civic Fame Award Presentation we heard from featured speaker, Errol Louis, Host of Inside City Hall. Louis spoke about bringing changes to housing in the City to promote fair and affordable housing and reduce segregation in neighborhoods and schools.
Comptroller’s Audit Reveals Unsatisfactory Conditions In NYCHA Playgrounds
549 NYCHA-owned playgrounds have hazardous conditions and lack of repair and maintenance records. On April 4, 2018, Comptroller Scott M. Stringer released an audit of New York City Housing Authority playgrounds’ conditions and maintenance. NYCHA is responsible for the maintenance of each development’s playgrounds. Results from playground inspections are required to be entered into NYCHA’s electronic system for tracking maintenance and physical repair work. However, the Comptroller’s audit shows that NYCHA failed to consistently maintain … <Read More>
Mayor Signs Legislation To Extend Rent-Stabilization Laws
Due to City’s low vacancy rate, rent stabilization laws have been extended. On March 27, 2018, Mayor Bill de Blasio signed legislation to extend rent regulation laws for the next three years. The laws will remain in effect until April 1, 2021. State rent stabilization laws continue to be effective when the vacancy rate is below 5%. The City’s vacancy rates are determined and measured by the Housing and Vacancy Survey, which is conducted every … <Read More>
421-a Benefits Suspended for Failure to Comply
Property owners face 421-a suspension for failure to submit Final Certificates of Eligibility. On March 9, 2018, Housing Preservation and Development Commissioner Maria Torres-Springer and Department of Finance Commissioner Jacques Jiha announced the suspension of 421-a benefits to more than 1,700 property owners. The decision to suspend benefits is part of the Housing Preservation and Development and Department of Finance’s initiative to ensure that properties comply with the 421-a application rules. Currently, there is a … <Read More>