Policy

421-a tax break will continue to cost NYC revenue for decades after it expires, report finds

Photo by Patrick Tomasso on Unsplash

June 7, 2022

421-a tax break will continue to cost NYC revenue for decades after it expires, report finds

By Aaron Ginsburg

The 421-a tax abatement program, which gives real estate developers who construct new residential buildings a property tax exemption in exchange for designating a portion of the homes affordable, will expire on June 15 after state lawmakers last week did not renew it during the final day of this year's legislative session. Even with it set to lapse, the controversial program will continue to cost the city revenue for decades, according to a new report. According to findings published Monday by the Independent Budget Office of New York City, the tax abatement program will cost the city over $1 billion annually until 2034, with total costs not ceasing until the fiscal year 2056.
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State lawmakers approve new public trust that could fund repairs at 25,000 NYCHA apartments

photo via Wikimedia

June 6, 2022

State lawmakers approve new public trust that could fund repairs at 25,000 NYCHA apartments

By Michelle Cohen

New York state legislators last week passed legislation that would allow the New York City Housing Authority to raise billions of dollars for desperately needed repairs at 25,000 apartments in the system. Championed by Mayor Eric Adams and proposed by public housing authority chair Gregory Russ, the Public Housing Preservation Trust is seen as a rescue measure for funding needed for the NYCHA system–by far the nation's largest public housing authority. The new public trust could raise billions of dollars to upgrade thousands of units, The City reports.
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NYC pols introduce legislation that would temporarily suspend commercial rent tax

Photo by Jason Tester on Flickr

June 2, 2022

NYC pols introduce legislation that would temporarily suspend commercial rent tax

By Michelle Cohen

The Covid-19 pandemic, among its many impacts, has drastically underscored the need for ways to mitigate steep commercial rents, such as rent regulation and temporary rent relief. Several local politicians have suggested solutions, including the temporary suspension of commercial rent tax. This week, New York City Council Majority Leader Keith Powers, Manhattan Borough President Mark Levine, and Council Member Gale Brewer introduced legislation that would accomplish the latter.
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Policy

Mayor Adams proposes changes to city zoning rules to create more housing

Image courtesy of Michael Appleton/Mayoral Photography Office on Flickr

June 2, 2022

Mayor Adams proposes changes to city zoning rules to create more housing

By Aaron Ginsburg

Mayor Eric Adams wants to turn New York into a city of "Yes in my backyard." During an event hosted by the Association for a Better New York (ABNY) on Wednesday, the mayor introduced three citywide zoning amendments that would spur affordable housing creation, support small businesses, and reduce the city's carbon footprint. Under Adam's "City of Yes" plan, the Zoning for Housing Opportunity amendment would allow for a variety of housing types, make it easier to convert office space into housing, and reduce "unnecessary parking requirements" at developments.
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MTA’s East Side Access project renamed ‘Grand Central Madison’

Photo by Marc A. Hermann / MTA on Flickr

June 1, 2022

MTA’s East Side Access project renamed ‘Grand Central Madison’

By Aaron Ginsburg

Gov. Kathy Hochul on Tuesday announced that the Metropolitan Transportation Authority's long-awaited 700,000-square-foot East Side Access Project will be renamed "Grand Central Madison." The project, which brings Long Island Rail Road service to Grand Central Terminal, will increase LIRR service systemwide by 40 percent during morning peak service and significantly increase reverse peak service. Grand Central Madison is expected to open in December.
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Subway ridership almost at 90% of pre-pandemic levels in NYC’s working-class neighborhoods

Photo by Jenna Day on Unsplash

May 26, 2022

Subway ridership almost at 90% of pre-pandemic levels in NYC’s working-class neighborhoods

By Aaron Ginsburg

Subway ridership has nearly returned to pre-pandemic levels in New York City's working-class neighborhoods. During the Metropolitan Transportation Authority's monthly board meeting on Wednesday, MTA Chair and CEO Janno Lieber said in most working-class neighborhoods throughout the five boroughs, subway ridership has climbed back up to 70, 80, and for some, 90 percent of pre-pandemic ridership levels. But in the city's major business districts, subway ridership remains way below pre-Covid-19 levels.
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Group of NYC building owners sue city over greenhouse gas emissions cap

Looking north towards Billionaires’ Row © 6sqft

May 24, 2022

Group of NYC building owners sue city over greenhouse gas emissions cap

By Aaron Ginsburg

A group of New York City building owners is suing the city in an effort to block a 2019 law that requires large buildings to lower greenhouse gas emissions. Local Law 97 mandates owners of buildings more than 25,000 square feet to cap their property's greenhouse gas emissions or face fines. The lawsuit, filed on Thursday by two co-ops in Queens and a mixed-use building owner in Manhattan, claims the new law is "excessive and disproportionate to the purported offense," as first reported by Crain's New York. Under the law, owners have until 2024 to ensure their property's compliance, with the ultimate goal of reducing the emissions produced by the city’s largest buildings 40 percent by 2030 and 80 percent by 2050.
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Policy

Judge rules artists’ work won’t stop Manhattan jail demolition

Streetview of murals by Richard Haas at the Manhattan Detention Complex; © Google 2022

May 20, 2022

Judge rules artists’ work won’t stop Manhattan jail demolition

By Michelle Cohen

On Wednesday, a judge ruled against halting the demolition of the Manhattan Detention Complex at 124-125 White Street at a hearing in a lawsuit brought by two artists whose works at the site may be moved or destroyed, the New York Times reports. The plaintiffs had requested a preliminary injunction; Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York denied the request, citing a lack of proof that preserving the artworks outweighed the community value of a newly-constructed jail planned for the site. The artists–with support from Neighbors United Below Canal, a neighborhood group opposed to the new Chinatown jail–had invoked the Visual Artists Rights Act of 1990 as grounds for the lawsuit.
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New survey highlights NYC’s rental housing crisis, showing few affordable apartments available

Photo by Dimitry Anikin on Unsplash

May 18, 2022

New survey highlights NYC’s rental housing crisis, showing few affordable apartments available

By Michelle Cohen

The city's Department of Housing Preservation and Development (HPD) released a report this week revealing the first findings from the 2021 New York City Housing and Vacancy Survey (NYCHVS). The report illuminates a trove of information on the city's housing realities since the pandemic began. The survey shows that the city’s overall median household income would have to double in order to cover the median asking rent of $2,750/month. It also reveals an extreme shortage of vacant units among the city's low-cost housing: The vacancy rate for homes listed below $1,500/month was less than 1 percent, the lowest in 30 years. And New York City saw a substantial net loss of low-cost units–and a net increase of higher-cost units–since 1991.
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NYC recommends masks indoors again as ‘high’ alert level is reached

Image courtesy of Ed Reed/Mayoral Photography Office

May 17, 2022

NYC recommends masks indoors again as ‘high’ alert level is reached

By Aaron Ginsburg

New York City on Tuesday officially hit a "high" Covid-19 alert level, meaning there's increased community spread of the virus and significant pressure on the health care system. The new risk level comes a day after city Health Commissioner Ashwin Vasan issued an advisory recommending all New Yorkers wear masks in indoor public settings and that those at risk of severe illness avoid crowds. In response to rising cases, the city said it will distribute an additional 16.5 million at-home tests and one million high-quality masks to public schools, community organizations, cultural institutions, libraries, and houses of worship. Although hitting the "high" alert level comes with the recommendation of a mask mandate, the city is not requiring face coverings yet.
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Policy

Popular Articles

How mixed-use development Manhattan West is creating a sustainable food system

Photo of Manhattan West © Jakob Dahlin

May 11, 2022

How mixed-use development Manhattan West is creating a sustainable food system

By Aaron Ginsburg

A mixed-use development in Midtown this month announced a new initiative that aims to create a campus-wide sustainable food system. Manhattan West will become the first-ever "Rethink Certified Campus," requiring every food establishment at the development to donate their excess food and prepare free meals for New York City families facing food insecurities, developer Brookfield Properties and nonprofit Rethink Food announced. Funded with a $250,000 donation by Brookfield, the project is expected to collect five tons of excess food and provide 50,000 meals to families in need.
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Policy

NYC subway ridership hits highest level since start of Covid

Photo by Jenna Day on Unsplash

May 10, 2022

NYC subway ridership hits highest level since start of Covid

By Devin Gannon

Ridership on the New York City subway reached a new pandemic-era milestone last week, the Metropolitan Transporation Authority announced. On Thursday, 3,497,122 riders swiped into the system, surpassing the last record set during the pandemic in December 2021. While the new record is a positive sign for the city's recovery, Thursday's ridership is still well below the 2019 weekday average of 5.5 million straphangers.
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Rent Guidelines Board set to approve biggest rent hike for NYC’s stabilized apartments in a decade

Photo by Emiliano Bar on Unsplash

May 6, 2022

Rent Guidelines Board set to approve biggest rent hike for NYC’s stabilized apartments in a decade

By Aaron Ginsburg

Millions of New Yorkers could soon be hit with the biggest rent hike in a decade. In a preliminary 5-4 vote on Thursday, the city's Rent Guidelines Board (RGB) voted to increase rents on stabilized apartments between 2 and 4 percent for one-year leases and between 4 and 6 percent for two-year leases. If approved, the rent hikes would be the largest since 2013 when there was a 4 percent increase for one-year leases and a 7.75 percent increase for two-year leases. A final decision by the board is expected in June.
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Policy

NYC gives billionaire Bill Ackman green light to build rooftop penthouse on Central Park West

All renderings designed by Foster+ Partners, courtesy of the Landmarks Preservation Commission

May 3, 2022

NYC gives billionaire Bill Ackman green light to build rooftop penthouse on Central Park West

By Devin Gannon

Billionaire Bill Ackman is getting his Central Park-facing rooftop glass penthouse designed by Norman Foster after all. The Landmarks Preservation Commission on Tuesday approved plans from the hedge fund founder to build a glass penthouse addition on top of a 100-year-old Upper West Side co-op building where he owns an apartment. First presented last November as a two-level glass box on the roof of 6-16 West 77th Street, the approved proposal includes a scaled-down design and more muted materials.
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City nixes plan for second Chinatown homeless shelter amid community opposition

Streetview of the planned shelter site at 47 Madison Street © 2021 Google

May 3, 2022

City nixes plan for second Chinatown homeless shelter amid community opposition

By Michelle Cohen

In the second such move in less than a week, New York City has canceled plans for one of a handful of new homeless shelters in Chinatown, the New York Times reports. The planned "safe haven" shelter was to be located in the former Best Western Hotel at the corner of Grand Street and Bowery. The move follows months of vocal opposition to three planned shelters by community members who cite an increase in crimes targeting Asians and a similar announcement last Friday regarding the rollback of plans for a shelter nearby at 47 Madison Street.
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Policy

NYC’s Covid alert level moves to ‘medium’ risk

Photo by Billie Grace Ward on Flickr

May 3, 2022

NYC’s Covid alert level moves to ‘medium’ risk

By Aaron Ginsburg

New York City Health Commissioner Dr. Ashwin Vasan on Monday announced the rate of new Covid-19 cases had reached 200 per 100,000 people, moving the city to a medium-risk alert level. The number of new cases recorded daily citywide on a seven-day average jumped from around 600 in March to 2,600 by the end of April, according to the health department. Officials say the latest surge in Covid cases stems from the Omicron subvariant, BA.2.
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Policy

Plan to convert vacant hotels into affordable housing backed by Mayor Adams

Photo by Dimitry Anikin on Unsplash

May 2, 2022

Plan to convert vacant hotels into affordable housing backed by Mayor Adams

By Devin Gannon

Mayor Eric Adams on Sunday called on Albany to pass legislation that makes it easier for New York City to convert vacant and underused hotels into affordable housing. Introduced earlier this year by Assembly Member Steven Cymbrowitz and State Sen. Brian Kavanagh, the bill creates an exemption to zoning rules that require developers to undergo the city's lengthy land use review process or complete major renovations for hotels to become permanent housing. While the idea of converting hotels into housing has been floated by lawmakers for years without getting off the ground, the city's growing housing and homelessness crises have renewed a push from officials.
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NYC lawmakers call for mandatory citywide compost program at residential buildings

Photo courtesy of the Department of Sanitation

April 29, 2022

NYC lawmakers call for mandatory citywide compost program at residential buildings

By Aaron Ginsburg

A bill introduced in the New York City Council on Thursday calls for the creation of a mandatory citywide composting program at residential buildings. Under the legislation, sponsored by Council Member Shahana Hanif, New Yorkers would be required to separate organic waste from other waste for curbside collection. Pickup of organic waste from residential buildings would begin by the middle of 2023.
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Here are NYC’s new Open Street locations for the 2022 season

Queens’ 34th Avenue was recognized as one of the best Open Streets last year; Courtesy of Alfresco NYC

April 28, 2022

Here are NYC’s new Open Street locations for the 2022 season

By Aaron Ginsburg

More than 300 blocks will be closed to cars for pedestrian use as part of the city's 2022 Open Streets program, the Department of Transportation announced last week. This year's program--considered the largest of its kind in the country--has expanded to include 21 new locations, with a total of 156 locations throughout the five boroughs. All of the open streets will be active by the summer of 2022.
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Adams adds record $171M in budget to fund 1,400 shelter beds for homeless New Yorkers

Photo by Filip Mishevski on Flickr

April 27, 2022

Adams adds record $171M in budget to fund 1,400 shelter beds for homeless New Yorkers

By Aaron Ginsburg

Mayor Eric Adams on Sunday announced an additional $171 million for homeless services in his proposed executive budget for the fiscal year 2023. The mayor says the investment will pay for 1,400 Safe Haven and stabilization beds, small-scale alternatives to traditional shelter settings, the creation of three drop-in centers, and improving ongoing outreach efforts. The investment, which City Hall says would be the largest of its kind to be made by the city, will be allocated every year beginning next fiscal year.
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30 Rock’s new ‘skylift’ observation platform and rooftop ride approved by Landmarks

All renderings courtesy of Tishman Speyer

April 26, 2022

30 Rock’s new ‘skylift’ observation platform and rooftop ride approved by Landmarks

By Devin Gannon

A popular New York City observation deck will soon offer a new point of view. The Landmarks Preservation Commission on Tuesday unanimously approved plans for several upgrades to the Top of the Rock at 30 Rockefeller Plaza, including a rotating ride, a rooftop beacon, and a new "skylift" viewing platform that takes visitors above the 70th floor and offers uninterrupted 360-degree views.
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Policy

Adams announces nearly $1B investment for NYC Streets Plan

Image courtesy of Ed Reed/Mayoral Photography Office on Flickr

April 25, 2022

Adams announces nearly $1B investment for NYC Streets Plan

By Aaron Ginsburg

City officials are continuing their efforts to ensure the safety of New Yorkers traveling the streets. Mayor Eric Adams on Saturday announced a historic $904 million investment to help fund the NYC Streets Plan and address the city's traffic violence problem by creating a safer and more environmentally friendly transportation infrastructure. Over the next five years, the investment will be used to expand bike lanes and bus lanes throughout the city and will be put towards the creation of new pedestrian spaces.
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NYC finally launches containerized trash bin pilot

Image courtesy of Michael Appleton/Mayoral Photography Office on Flickr

April 21, 2022

NYC finally launches containerized trash bin pilot

By Aaron Ginsburg

Mayor Eric Adams and Department of Sanitation Commissioner Jessica Tisch on Wednesday unveiled a new containerized waste bin that the city will eventually deploy across all five boroughs in hopes of thwarting rats, making more room on the sidewalks, and improving the overall quality of life for residents. The new bins are part of the city's Clean Curbs Pilot program, which was announced two years ago. The first bins were installed in Times Square on Wednesday.
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NYC doormen union, building owners reach historic deal to avoid strike

Image courtesy of Jamie Grafton on Flickr

April 20, 2022

NYC doormen union, building owners reach historic deal to avoid strike

By Aaron Ginsburg

After a massive rally and a threat of a strike, building service workers and landlords have reached a historic agreement. 32BJ SEIU and the Realty Advisory Board (RAB) on April 19 reached a tentative agreement that secures significant wins for building workers, including a nearly 12.6 percent wage increase over the next four years, the highest pay raise in the history of the union. Other victories include a $3,000 bonus for essential workers to counter inflation, 100 percent employer-paid healthcare, and protection of sick leave and paid vacation time. The deal must still be approved by 32BJ members, but the agreement guarantees workers will show up to work as usual on April 21.
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Policy

NYC restores alternate-side parking to clean streets and bike lanes

All images courtesy of Ed Reed/Mayoral Photography Office on Flickr

April 19, 2022

NYC restores alternate-side parking to clean streets and bike lanes

By Aaron Ginsburg

New York City officials announced plans to allocate millions of dollars to better clean city streets and bike lanes. Mayor Eric Adams and just-appointed Department of Sanitation Commissioner Jessica Tisch on Monday announced an $11 million investment for new street cleaning initiatives and better mobility for the sanitation department. Under the initiative, alternate-side parking will return in full force starting July 5. New Yorkers will have to move their cars twice per week, up from once a week during the pandemic, to clear the way for street sweepers and avoid getting a parking ticket.
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