Sentences with phrase «stabilized apartment buildings»

The city is tracking potentially troubled rent - stabilized apartment buildings with an eye toward influencing how they are transferred following a foreclosure, said Housing Preservation...

Not exact matches

At 10 a.m., Housing Rights Initiative and NYC Council Oversight & Investigations Committee Chair Ritchie Torres announce an investigation into Kushner Companies for falsifying permits with the NYC Department of Buildings and the impact it had on reducing the number of rent - stabilized apartments across the city, Kushner Companies Headquarters, 666 Fifth Ave., Manhattan.

Wright's bill would also create succession rights for rent - stabilized apartments in 421 - a buildings.

Landlords will also be held accountable by state housing officials for how much they spend to upgrade rent - stabilized apartments before they're allowed to charge tenants for building improvements.

NYCHA plans to offer private developers a chance to build mixed - income towers on underused parcels to stabilize the agency's finances and create apartments for poor tenants.

Developers Washington Square Partners and Acadia's original plans for the 4650 Broadway project site — which were voted down by Community Board 12 in March after community backlash — included a 23 - story building with 372 rent - stabilized apartments.

«His position is you have to protect the tenant at all costs — without understanding they're actually going to get hurt,» said RSA president Joseph Strasburg, who argues not allowing rent increases for one million rent - stabilized apartments will leave landlords so broke that buildings fall into disrepair.

Mayor Bill de Blasio's plan to curb homelessness in New York City is exacerbating the housing crisis, according to New York City Public Advocate Letitia James, who is calling on the mayor to stop allowing landlords of rent - stabilized apartments to turn their buildings into homeless shelters.

The RBG's latest report, released Thursday, said that net operating income in buildings with stabilized apartments increased nearly 11 percent from 2014 to 2015, the highest recorded increase since 1997 to 1998.

«I have lived in my rent stabilized apartment in Hempstead, New York for 5 years, and even though my building was supposed to have a $ 0 increase for this year, the landlord is increasing the rent anyway.

Even to tenants who never knew his name and could never afford to live in one of his buildings, Mr. Litwin was an unseen power: a voice in the Rent Stabilization Association, the landlord organization that battles tenant groups annually over rent increases, set by the New York City Rent Guidelines Board, that may legally be charged in hundreds of thousands of rent - stabilized apartments in the city.

We are excited to announce that Elysium Fourteen — the luxury apartment building in the heart of the District's historic U Street Corridor — is now fully stabilized, with more than 96 % of its residential...

Even though the Trust's mission is to facilitate the transfer of foreclosed and abandoned residential properties to local housing groups, Nickerson recognizes that «a neighborhood won't be stabilized if you have to walk by vacant retail space or a deteriorating apartment building to get there.»

The three apartment buildings feature a mix of rent - stabilized and market - rate units, a structure which, according to Rosan, presents a strong opportunity to preserve affordable housing options in buildings with market - rate appeal and amenities.

«Manhattan - located rent stabilized apartments are a favored asset class in the debt world, but many lenders struggle with buildings that have high HPD violation counts and heavy commercial income,» said David Turley of Cronheim Mortgage, who worked with colleague Janet Proscia to close the deal.