Real estate tax reform: All talk, no action.
City Comptroller Brad Lander is collecting an email list. There is no plan of action. If you are a senior earning no more than $58,399, your property tax could be…
Senior Citizens Real Estate Tax Exemption
Local governments and school districts in New York State can opt to grant a reduction on the amount of property taxes paid by qualifying senior citizens. This is accomplished by…
When Democrats have a supermajority…
Even the Democrat Governor could not be effective on the last day (June 8) of the State legislature. Housing as an example… Any hope of substantive housing policy coming out…
Environmental Justice won in NY: No more gas stoves in new construction!
In the approved NYS $229 billion budget, all new buildings under 7 stories are not allowed gas stoves starting in 2026. 2029 for those over 7 stories. More banning rules…
Woke in Federal Housing Finance Agency?
Fannie Mae and Freddie Mac owns about 62% of all homebuyer conforming loans. FHFA founded and introduced it in 2008, Loan-Level Price Adjustment (LLPA) Matrix is used to calculate a…
To meet the August 2027 Riker closing deadline by chopping its current population in half?
What is wrong with this policy? How about the victims? INTRODUCTION In 2019, the New York City Council took the long-overdue step of voting to close Rikers Island. By law,…
Registration of Buildings Prohibiting AirBnB opens March 6, 2023!
New York City Local Law 18 of 2022 effective March 6, 2023 allows landlords to prohibit AirBnB tenants with a simple email, contact and address; but host registration requires confidential…
Another Albany bureaucracy: NYC Public Housing Preservation Trust
Another law that sounds great! Where is it one year later? How about the NYCHA repairs? Even the politicians don’t care about the laws they authored. The $515K NYCHA Chairperson…
News from NYC Dept of Finance
Click here to view this email in your browser. Welcome to our first DOF At a Glance, a periodic update from the New York City Department of Finance! Here you’ll find all…