Could More Flexible Air Rights Policies Facilitate the Growth of Affordable Housing?

During the 1970s fiscal crisis, the city acquired significant quantities of property by way of owner abandonment and tax foreclosure, which it used in subsequent decades to subsidize affordable housing development. Virtually none of that land remains available today, however, and as we recently noted, the now-stratospheric cost of privately held land poses myriad obstacles to new affordable housing production, particularly in neighborhoods with good public schools, ready access to transportation and employment centers.
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Councilman Antonio Reynoso Vows to Stamp Out Irresponsible Development

As the new councilman for District 34, which includes Williamsburg and portions of Bushwick in Brooklyn and South Ridgewood in Queens, Councilman Antonio Reynoso personally understands the issues of his constituents.

He was born, bred and still lives in Williamsburg, a neighborhood he hopes never to leave. Plus, Mr. Reynoso spent seven years under the tutelage of his predecessor, Councilwoman Diana Reyna, working as her budget director, legislative director and, eventually, chief of staff until he quit to campaign for her seat.
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Is Manhattan for Everyone? The pied-à-terre and the ‘poor door’

Seven years ago, when the Westside mega-development known as Hudson Yards was but a twinkle in the collective eye of real estate moguls and Bloomberg officiates, grumbling had already begun about inequality among the neighborhood’s residents. Those residents, of course, had yet to arrive. And the complaints seemed stranger still given that Hudson Yards had, Read More

Councilman Proposes City Clear Snowy, Icy Sidewalks on Property Owners’ Dime

Brooklyn City Councilman David Greenfield is tired of property owners neglecting to clear their sidewalks of snow and ice this winter.

Armed with dozens of complaints, the councilman, who represents Borough Park, Midwood and parts of Bensonhurst, is proposing a new law that would increase the fine to delinquent residential and commercial property owners and use that revenue to pay for municipal workers to clear the sidewalks.
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De Blasio Sets Deadline for Affordable Housing Plan, But Policy Details Remain Vague

In his State of the City address yesterday, Mayor Bill de Blasio pledged once again to “preserve or construct nearly 200,000 units of affordable housing—enough to house between 400,000 and 500,000 New Yorkers—to help working people by literally putting a roof over their heads.”

And, after announcing the remaining members of his housing “dream team” last Saturday—with Shola Olatoye heading up NYCHA, Vicki Been at the Department of Housing Preservation and Development, Gary Rodney as president of the Housing Development Corporation, Carl Weisbrod as City Planning chair and Alicia Glen as deputy mayor for housing and economic development—Mr. de Blasio has finally revealed when we can finally expect some details: May 1st.
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Downtown Alliance Taps New President

Former Upper East Side Councilwoman Jessica Lappin has been named president of Alliance for Downtown New York, the nonprofit announced.

She will take over the post, as well as that of president of the Alliance’s sister organization, the Downtown-Lower Manhattan Association, on February 10.
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Real Estate Execs Endorse Mayor’s Pre-K Tax [Updated]

A number of real estate executives have come out today in support of Mayor Bill de Blasio‘s plan to tax high-earners to fund universal prekindergarten and after-school programs, representing the latest group of executives to join a grassroots campaign called UPKNYC, Commercial Observer has learned.
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