City Council takes another whack at tenant relocation fees

New York /
Feb.February 06, 2014 02:35 PM

City Council member Margaret Chin has re-introduced a bill Tuesday that would force landlords to pay a tenant’s relocation costs if a building has been shuttered for safety violations.

If tenants are unable to return to their building due to a fire or other illegal conditions, property owners would have to deposit 10 percent of building rent over the last five years into an escrow account.

The City Council tabled the initial version of the bill over the course of three years, then killed it just before the end of Mayor Bloomberg’s administration, accordion to Crain’s. At the time, Melissa Mark-Viverito and Jumaane Williams were co-sponsors of the bill. Now that both hold prominent Council positions, the bill has been revived and revised.

“There are a lot of illegal conversions going on, because of lack of affordable housing, and we need to create a system where, if people are displaced, they are taken care of,” Chin told Crain’s.

Chin also backed Soho’s struggle to receive a Business Improvement District, which was finally approved in October. [Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
Tenant activist nixed from City Planning Commission
Tenant activist nixed from City Planning Commission
Public Advocate Jumaane Williams introduced the bill in May of 2019. (Jumaane Williams)
City Council bill demands racial disparity study for some rezonings
City Council bill demands racial disparity study for some rezonings
Cea Weaver (Photos via Twitter; Getty; iStock;)
How a socialist on City Planning Commission would affect real estate
How a socialist on City Planning Commission would affect real estate
1074 Eastern Parkway in Brooklyn (Credit: Google Maps)
Crown Heights tenants sue infamous landlord for rent overcharges
Crown Heights tenants sue infamous landlord for rent overcharges
729 Seventh Avenue (Credit: Google Maps)
Lawyer argued façade was safe 3 months before fatal accident
Lawyer argued façade was safe 3 months before fatal accident
Jumaane Williams (Credit: Getty Images)
Council to vote on bill to curb Mitchell-Lama cheating
Council to vote on bill to curb Mitchell-Lama cheating
Jumaane Williams and Joseph Borelli (Credit: Getty Images, Joseph Borelli)
Real estate donors: Election? What election?
Real estate donors: Election? What election?
Interior with elevator doors. Mock up
New Yorkers, how safe is your elevator? This map tells you
New Yorkers, how safe is your elevator? This map tells you
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...