Joe Biden

Policy, real estate trends

220 Central Park South as seen in May 2020. Photo by Jim.henderson (cropped) via Wikimedia Commons.

High-profile sales deals with wealthy Russian buyers have made headlines–Dmitry Rybolovlev’s $88 million condo buy at 15 Central Park West, for example–and Manhattan’s trophy condos have been seen as a safe investment for Russian oligarchs. But since Russia’s invasion of Ukraine, there have been calls to seize those properties, The Real Deal reports.

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Features, NYC Guides, Policy

Gov. Kathy Hochul tours a storm-damaged apartment in Inwood. The heavy rains of Tropical Storm Ida forced part of a parking garage to collapse and damaged a ground floor apartment, and vehicle, on West 218th Street. Photo: Kevin P. Coughlin / Office of Governor Kathy Hochul on Flickr

President Joe Biden on Monday approved a major disaster declaration for New York, making federal funding available to residents and businesses in counties affected by flooding last week caused by the remnants of Hurricane Ida. According to an early estimate from state officials, Ida caused $50 million in damage to public property and to more than 1,200 residences. In addition to the financial relief provided by FEMA, there are several resources available to New Yorkers who need help in the aftermath of the storm, including temporary shelter, food and basic needs, and cash assistance.

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City Living, Harlem, History

New York’s famous 369th (Old 15th) Infantry Regiment arrives home from France. From the National Archives via Wikimedia Commons

One of the most decorated all-Black American regiments is finally getting nationally recognized more than a century after World War I. President Joe Biden last week signed into law the Harlem Hellfighters Congressional Gold Medal Act, which posthumously honors the 369th Infantry Regiment. Made up mostly of New Yorkers, the Harlem Hellfighters spent 191 days on the front-line trenches, longer than any other American unit. Despite their courage and sacrifice, the soldiers returned home to face racism and discrimination.

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Policy

Photo by Daniel Lee on Unsplash

The Centers for Disease Control and Prevention on Tuesday issued a new temporary moratorium on evictions that covers renters in areas with high levels of coronavirus transmission. The new order, which replaces the previous federal ban that lapsed on Saturday, expires on October 3 and applies to renters in counties that are experiencing “substantial” or “high” levels of Covid-19 spread, which includes all of New York City. While New York’s most recent state order halted evictions through the end of August, the new CDC moratorium provides renters an extra month of protection from eviction.

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Policy

Photo of NYCHA vaccination site at Nostrand Houses in Brooklyn by Michael Appleton/Mayoral Photography Office on Flickr

More than 100 new coronavirus vaccine hubs funded by the federal government will soon open in New York, Sen. Chuck Schumer announced on Thursday. During Mayor Bill de Blasio’s daily press briefing, the Senate Majority Leader said additional vaccines will be sent directly to sites at existing community health centers (CHC) to “supercharge” the vaccination effort.

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affordable housing, Features, Policy, real estate trends

Photo by Gage Skidmore on Flickr

After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden’s Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange and reform of the Opportunity Zone tax program. But overall, there is optimism among New York City real estate industry experts who see a Biden Administration as a way to restore stability and consumer confidence. With a pledge to defeat COVID-19 and send federal support to New York City, there’s hope on the horizon for the city’s recovery.

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Events

Photo courtesy of Empire State Realty Trust

A memorial honoring the lives lost to the coronavirus pandemic will be held at the Lincoln Memorial next week and cities and towns are invited to join the tribute with ceremonies of their own. President-elect Joe Biden’s Presidential Inaugural Committee announced plans to feature a lighting around the Reflecting Pool in Washington, D.C. on January 19, the evening before the inauguration. The Empire State Building will participate by playing its red heartbeat light show, which first debuted last year as a tribute to the city’s frontline workers.

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City Living, Features, Policy

Photo by Gage Skidmore via Wikimedia Commons

Even before he was officially declared President-elect, Joe Biden began briefings about the pandemic, and since Saturday’s celebrations, his comprehensive, federally led strategy to combat COVID-19 finally feels within reach. Today, President-elect Biden announced the 13 members of his COVID-19 advisory board, made up of public health experts, scientists, and doctors. This group will help Vice President-elect Kamala Harris and him carry out their plan to not only beat the virus, but to prepare for future global health threats. Ahead, we take a closer look at the intricacies of the strategy and how it will benefit the entire nation, as well as New Yorkers, from a nation-wide mask mandate to an increase in testing centers to the establishment of a Racial and Ethnic Disparities Task Force.

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