Real estate’s wins and losses in new state budget
$4.3B in “temporary” tax increases on the personal income of New York’s highest earners and on corporate income.
More than $2 billion in federal and state rent relief, but also tax hikes exceeding $4.3 billion.
NY close to approving $2.4B rent relief bill — but its rollout will be the real test.
Landlord, tenant groups voice concerns about certain provisions.
Newly bill, would bar evictions and rent increases for one year in cases where landlords accept aid.
Tenants and Landlords’ Future Hang in Balance Over State Budget. Here’s What That Means
New York has $2.3 billion from the federal government
Albany finally have the big bucks to pass a substantial relief program as part of the state budget
NY’s Second Round Of Rent Relief Only Distributes $7 Million Of $60 Million Available
It’s estimated that between 800,000 to 1.2 million households in New York collectively owe more than $2 billion in rent
Second Round of Rent Relief Reached Even Fewer People Than First
Housing advocates pressure lawmakers to ban no-cause evictions, rent increases
The Senate proposal would prevent landlords receiving rent relief from evicting tenants for nonpayment
Senate and Assembly released their one-house budget resolutions, providing a snapshot of each chamber’s priorities
Manhattan judge upholds 2019 rent law
In his decision, Ramos said the landlords “knowingly entered a highly regulated industry,” according to the report.
Judge says landlords have no constitutional right to “unregulated market”
Commercial eviction moratorium expanded, extended through May
Cuomo first announced a State moratorium on residential and commercial evictions on March 20 last year for a period of 90 days.
The state legislature is set to extend the eviction moratorium on small businesses and landlords with fewer than 10 apartment […]
Biden’s Stimulus Package: What’s In It for Real Estate?
The bill includes a variety of measures to provide relief to households, businesses, public institutions, and local governments.
$23.5 billion will be allocated for New York.
Lawsuit challenges New York eviction ban’s constitutionality
Five small landlords sue AG Leitia James over hardship declaration requirement
Blanket moratorium on evictions is unconstitutional.
Where mayoral candidates stand on real estate
Mayoral contenders have tapped into several discussions about curbing for-profit development.
Differences emerge on industry donations, housing policy, taxes
How Landlords Get COVID Relief Funding
Assistance is available, and how to apply so you can take advantage of this program
Commercial real estate investors that can be accessed through state and local governments
Lawmakers call for $2B in rent relief in state budget
More than 30 Assembly members called on Heastie to push for the inclusion of $2.25 billion in rent relief in the 2021 state budget
Assembly members also want rent debt forgiveness for tenants
New Bill Would Legalize Basement Apartments in New York
That proposal hasn’t progressed much, but state officials are now taking steps to push that vision forward.
Measure on accessory dwelling units comes with rent control
What New Policies Are Increasing Costs for Struggling NYC Landlords During COVID?
The real estate community's alarm over a recent proposal to install sprinklers in every apartment highlighted landlords
Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.
The NYC Real Estate Industry Wants Big Things From Biden. Take a Number
54% of New York state voters believe the Biden presidency will be good for New York
Real estate leaders support Biden’s plan for $25 billion in rental assistance
Five key real estate proposals in Cuomo’s budget
Evictions, emissions, infrastructure among governor’s priorities
Commercial eviction ban | Office and hotel conversions | Emission cap workaround | Tax and disclosure changes | Infrastructure
Lawmakers one-up Cuomo with commercial eviction and foreclosure bill
Commercial tenants would not be required to disclose the amount of relief they have already received
Ban evictions of businesses with fewer than 50 employees until May 1
Industry heavyweights back New York’s fight against controversial rent laws
We think the arguments laid out in our brief and supported by the amicus filings today will be successful
We look forward to restoring property rights to thousands of property owners
Biden to extend limits on evictions, foreclosures
President Joe Biden is extending federal limits on evictions through at least the end of March.
Biden is expected to move quickly to extend protections for renters, Bloomberg reported, and may sign an executive order within […]
Landlord-tenant implications of New York’s new Covid Emergency Law
Provides no relief to landlords and mortgagees, no way to force the property to be income producing
If a tenant files a Hardship Declaration with an Owner, the Owner cannot bring an eviction proceeding before May 1, […]
Empty commercial space to become homes under CUOMO recovery plan
New York’s real estate leaders have applauded Governor Andrew Cuomo’s plans to rebuild the economy after COVID, which includes converting surplus commercial space into housing.
Plan to rebuild the economy also included legalizing adult-use cannabis and online sports betting tax to help plug a $15 […]
Albany strikes deal on eviction and foreclosure bill
Limits on ousting tenants will be in place until May 1
Cuomo had previously said he intended to extend existing legislation limiting evictions, portions of which were to expire at the […]
Lawmakers rush to pass more limits on residential evictions
State lawmakers are racing to pass legislation before the end of the year to significantly expand upon the existing limits on residential evictions.
Move comes hours after governor says current regime will be extended
New York to get $1.3B for rent relief in stimulus package
Congress has finally reached a deal on a relief package that includes $25 billion in rental assistance, of which New York would receive $1.3 billion.
Landlord groups say it’s a good start, but not enough
Congress came through. Why is real estate not satisfied?
Its omission of funding for city and state governments, however, means real estate will have to fight next year, in New York and probably elsewhere, to stave off tax increases.
Holes in the federal aid package will hurt the industry starting next year
With a new supermajority, Democrats eye more progressive real estate protections for renters.
The Albany Democrats' progressive agenda is making some in the real estate community jumpy.
Since the mid-terms, Democrats have held the majority of seats but a supermajority allows Democrats to override any veto from […]
Housing Fights to Be Heard in the Mayoral Race
The New York mayoral race may pivot on how well the candidates address a long list of housing policy proposals put forth by a wide-ranging coalition.
A coalition of housing groups releases a blueprint that includes rezoning affluent neighborhoods, legalizing basement apartments and turning hotels into […]