Costs Threaten New York City Mayor’s Rent Plan
De Blasio Wants to Give Rent-Regulated Tenants a Holiday From Rent Increases This Year
By JOSH BARBANEL
Mayor Bill de Blasio’s push to give rent-regulated tenants a holiday from rent increases …MORE
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Board votes to hike rents for NYC residents
The Associated Press on June 23, 2014 – 9:25 PM NEW YORK (AP) — New York City tenants in nearly a million regulated apartments will be digging deeper into their pockets. The Rent Guidelines Board on Monday voted 5-4 to raise rents on stabilized apartments by 1 percent on one-year leases and 2.75 percent on…
Mayor de Blasio’s Plan Aims to Spur More Affordable Housing in New York
Mayor Bill de Blasio is calling for an overhaul of housing programs and tax incentives to spur the construction of tens of thousands of apartments for poor New Yorkers, as well as teachers, firefighters and other workers, who increasingly find themselves priced out of a booming real estate market and rapidly gentrifying neighborhoods. …MORE Citation…
421a Protesters Rally Against PSG Development
A controversial Prospect-Lefferts Gardens development attracted protesters this week, angered over both the luxury project and the 421a tax abatement program. The Alliance for Tenant Power staged the rally against the 254-unit residential building at 626 Flatbush Avenue Thursday, according to Curbed. Around 75 protestors attended and politicians Diana Richardson and Shirley Patterson both spoke…
Mayor de Blasio Urges Rent Freeze, Doesn’t Get It
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Rally Held Against Luxury Rental Tower, 421a in PLG
Over in Prospect-Lefferts Gardens, a group of protestors led by the Alliance for Tenant Power recently staged a rally against 626 Flatbush Avenue, a luxury high-rise currently taking shape near Prospect Park. The event was held in part to protest the ever-controversial 421-a tax abatement program, which developer Hudson Companies falls under. According to Gothamist,…