The Real Deal New York

Posts Tagged ‘bill de blasio’

  • BDB Glen

    Mayor Bill de Blasio and Alicia Glen

    Developers will save $3.3 billion in taxes over 10 years — including an estimated $2 billion on high-end sales — under New York City’s recently revised 421a tax break for construction of affordable housing units, according to an analysis from the city’s Independent Budget Office.

    The tax breaks will take effect when construction is underway, not necessarily in January 2016, when the revised law takes effect, the IBO told Capital New York. Developers will then receive the tax break for 35 years under the new program, which was approved in Albany last month. [more]

    Comments
  • Long Island City and Bill de Blasio

    Long Island City and Bill de Blasio

    With the possibility of more condo projects coming to Long Island City, the de Blasio administration is pushing for more affordable housing in the area.
    [more]

    Comments
  • Bill de Blasio

    Bill de Blasio

    Mayor Bill de Blasio raised the alarm Friday, calling the possibility of lawmakers allowing rent regulations to expire a “nightmare” for New Yorkers.

    The mayor warned that if protections were not strengthened, it could cost the city tens of thousands of affordable-housing units, according the New York Post. [more]

    Comments
  • Council members Helen Rosenthal, Mark Levine, Jumaane Williams, Andy King, and Corey Johnson call for an end to vacancy decontrol last month

    Council members Helen Rosenthal, Mark Levine, Jumaane Williams, Andy King, and Corey Johnson call for an end to vacancy decontrol last month

    Vacancy decontrol could cost the city roughly 100,000 affordable apartments.

    Most of the rent-regulated apartments likely to be impacted are in the city’s most expensive areas — such as Tribeca — much to the chagrin of affordable housing advocates, the New York Daily News reported. Some rents could rise to $4,000 a month. [more]

    Comments
  • From left: Bill de Blasio, John Flanagan and Carl Heastie

    From left: Bill de Blasio, John Flanagan and Carl Heastie

    Members of the state senate and the assembly both believe that the 421a tax abatement — which is set to expire next month along with the state’s rent regulation laws — will be extended. [more]

    Comments
  • Robert A.M. Stern and Bill de Blasio

    Robert A.M. Stern and Bill de Blasio

    Robert A.M. Stern, dean of the Yale School of Architecture, has designed some of the most exclusive buildings in – or coming to – New York City. Having designed 15 Central Park West, as well as a trio of super tall towers – 520 Park Avenue, 30 Park Place and 220 Central Park South – the 75-year-old architect gave the New York Post his two cents on class divides, “poor doors” and housing policy. [more]

    36 Comments
  • Mayor Bill de Blasio, Donald Trump and Geraldo Rivera

    Mayor Bill de Blasio, Donald Trump and Geraldo Rivera

    Donald Trump isn’t getting the attention he’s used to from the mayor. It’s now been 15 months since Mayor Bill de Blasio took office, and Trump says that he has still never met him. [more]

    5 Comments
  • Bill de Blasio Michael Kelly

    From left: Bill de Blasio and Michael Kelly

    Mayor Bill de Blasio has appointed a new general manager of the New York City Housing Authority. [more]

    1 Comment
  • Bill de Blasio

    Bill de Blasio

    Mayor Bill de Blasio announced six new neighborhoods where developers will be required to build affordable units and a plan to add 80,000 affordable apartments by 2024 during his second State of the City address on Tuesday.

    He also proposed solving part of the housing crisis by creating an additional 160,000 market-rate units, and targeted predatory landlords and developers who received tax breaks in the past without having to provide affordable housing. [more]

    21 Comments
  • Bill de Blasio

    Bill de Blasio

    Mayor Bill de Blasio will focus on affordable housing during Tuesday’s State of the City address.

    The mayor’s plan to expand the city’s affordable housing stock by 200,000 newly created or preserved units will be the focus of the annual speech, according to Capital New York. De Blasio released a minute-long, online video teasing his second address. In the video, de Blasio calls affordable housing “our number one priority for 2015.” [more]

    Comments
  • Mayor Bill de Blasio (center), along with Public Advocate Letitia James, Brooklyn Borough President Eric Adams and other officials in Fort Greene during the initial announcement of the housing plan (Credit: Hiten Samtani)

    Mayor Bill de Blasio (center), along with Public Advocate Letitia James, Brooklyn Borough President Eric Adams and other officials in Fort Greene during the initial announcement of the housing plan (Credit: Hiten Samtani)

    Mayor Bill de Blasio’s administration built or preserved 17,300 units of affordable housing in 2014. That figure represents about 8.6 percent of his overall 200,000-unit goal, and exceeds the city’s projection of 16,000 units for 2014.

    Last year, the city preserved 11,185 affordable apartments and financed the creation of 6,191 new units, according to Crain’s. The mayor announced the numbers during a press conference in Brooklyn on Thursday. [more]

    5 Comments
  • From left: Bill de Blasio and Jeff Bezos

    From left: Bill de Blasio and Amazon’s Jeff Bezos

    Mayor Bill de Blasio is aiming to raise taxes on virtual retailers that do business in New York but have no physical presence in the city. [more]

    1 Comment
  • pied

    From left: Unit at the Park Imperial, Mayor Bill de Blasio and State Senator Brad Hoylman

    Mayor Bill de Blasio is expected to reject proposed legislation to levy a tax on pieds-à-terre. [more]

    5 Comments
  • asphalt14n-1-web

    Rendering of Upper East Side waste-transfer site (Credit: Michael Singer Studio and Thomas O’Connor)

    Upper East Side residents who oppose the controversial waste-transfer station planned for East 91st Street released an attack ad yesterday. In it, area locals accuse Mayor Bill de Blasio of ignoring the project’s impact on low-income and minority communities in the area. [more]

    2 Comments
  • From left: Vicki Been, Flushing, Queens and Bill de Blasio

    From left: Vicki Been, Flushing, Queens and Bill de Blasio

    Mayor Bill de Blasio is looking to rezone west Flushing. [more]

    4 Comments
  • City to shoulder more public benefit costs

    November 13, 2014 06:31PM
    Spinola-Weisbrod

    From left: Steven Spinola and Carl Weisbrod

    The city will shoulder a higher share of costs associated with creating public benefits such as schools and parks, in order to encourage more developers to address the affordable housing crisis, chairman of the City Planning Commission Carl Weisbrod said on a panel today. [more]

    4 Comments
  • From left: brownstones in New York and Bill de Blasio

    From left: brownstones in New York and Bill de Blasio

    The landlords of New York have a bone to pick with the mayor. [more]

    23 Comments
  • From left: Senator Brad Hoylman, Hall Willkie, Carol Kellermann, Steven Spinola and John Burger

    From left: Senator Brad Hoylman, Hall Willkie, Carol Kellermann, Steven Spinola and John Burger

    UPDATED, Sept. 24, 6:37 p.m.: This week, State Senator Brad Hoylman indicated he plans to introduce legislation that would levy a tax on pieds-à-terre. While the bill has yet to be introduced, the specter of such a proposal has some real estate insiders and tax policy experts sounding dire warnings about the chilling impact the levy would have on the market. [more]

    13 Comments
  • From left: Bill de Blasio, Coney Island Houses and Charles Schumer

    From left: Bill de Blasio, Coney Island Houses and Charles Schumer

    A $108 million grant from the Federal Emergency Management Agency will be granted to the Coney Island Houses to make repairs in the wake of Superstorm Sandy, according to an announcement from Mayor Bill de Blasio and Senator Charles Schumer. [more]

    3 Comments
  • From the August issue: Seven months into his term, Mayor Bill de Blasio’s influence on the real estate industry is already significant. [more]

    Comments
MENU