New York City’s current property tax system is notoriously opaque, unfair, and regressive. For the past four decades, rather than dealing with its structural flaws, New York State has layered on a patchwork of exemptions and abatements to lower tax rates for various owners.
New York City Mayor Eric Adams signs two pieces of affordable housing legislation, extending the city’s critical rent stabilization protections and strengthening data collection and reporting on a critical eviction prevention program.
New York City Housing Authority's Annual PHA Plan for Fiscal Year 2020 and Five Year Agency Plan for Fiscal Years 2020-2024 to US Department of Housing and Urban Development
The Department of Finance (DOF) is responsible for administering the Senior Citizen Homeowners’ Exemption (SCHE) Program which provides a partial property tax exemption for senior citizens who own one, two, or three family homes, condominiums, or cooperative apartments in New York City (the City).
This report proposes the State adopt legislation that creates a new “Basement Resident Protection Law” to provide immediate physical and tenant protections to New Yorkers living in basement units, with clear rights and responsibilities for basement owners and dwellers...
Emergency Executive Order No. 224, dated October 7, 2022, as it relates to State of Emergency. A state of emergency is hereby declared to exist within the City of New York based on the arrival of thousands of individuals and families seeking asylum, to be extended for five (5) days.
Local Law 4 of 2012 requires HPD to maintain on its website monthly reports which can be viewed by the general public. These reports lists all properties of 20 or more units for which a notice of foreclosure has been submitted to HPD.
New York Governor Kathy Hochul, New York City Mayor Eric Adams, and the Institute for Community Living (ICL) announces the completion of Nevins Street Apartments, creating accessible, supportive and affordable homes in Downtown Brooklyn.
While 421-a Affordable New York has expired, talks on the future of the city’s largest tax expenditure continue. IBO examined how many affordable units it created since its start through June 2021, what incomes they serve, and how many received other subsidies.