New Yorkers with zero healthcare experience are allowed to care for their elderly or disabled relatives and friends — potentially earning more than $43,000 a year — under a $6 billion Medicaid program that’s been rife for fraud, abuse and overuse for years, insiders say. Even a TikToker is advertising it! You have seen the commercials. Consumer Directed Personal … Read more
There are nearly 657,993 rent stabilized dwelling units in the City of New York (page 149). When Housing Stability & Tenant Protection Act of 2019 was passed (page 108), the law ended high-income/high-rent and high-rent vacancy deregulation. A total of 6,662 units were deregulated this way since 1994 (page 181); and 170,386 due to high-rent … Read more
A pilot program of $53 million for 500 families that will expand if successful. How can free money fail? Lowering the bar working for the State of New York means “no English” and “no diploma”. Federal work authorization is still required, for now. It’s OK to beat up police because bail reform says, “no jail” … Read more
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 cut by 50%. Since state and local tax (SALT) deduction is limited to $10,000 per year, I recommend that certain passive income should not be … Read more
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 reducing the taxable assessment of the senior’s home by as much as 50%. To qualify, seniors generally must be 65 years of age or older … Read more
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 of Albany this year is all but dead, after Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins announced that they had reached a deal … Read more
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 are expect to come. Laws should recommend, but not mandate.
As of May 3, 2023, 7 of 10 bills have been signed by the Governor. State Senate’s website. State Assembly’s website.
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 higher rate for those with higher risk. Starting May 1, 2023, LLPA matrix is changed to give those with poor credit a better rate than … Read more
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, the jails must be closed by August 31, 2027. For decades, Rikers Island has been an inhumane jail complex that exposes vulnerable New Yorkers to … Read more