There is a long road ahead—that much is certain.
Mayor Bill de Blasio’s plan to create 90,000 new units of affordable housing and preserve an additional 110,000 units over the next 10 years will require the support of not only Albany and Washington, D.C., but also many of the real estate industry’s key players in addition to city resources.
The New York City Housing Authority has reportedly been sitting on millions of taxpayer dollars allocated for city housing repairs for up to six years.
NYCHA “sat on” more than $50 million set aside by the City Council for fire alarms, handicap-accessibility upgrades, security cameras and a list of other repairs and upgrades, the Read More
Post-Tropical Storm Sandy
A two-story mixed-use building at 281 Tompkins Avenue that houses neighborhood pizza joint Rocco’s Pizza & Pasta and sits less than a block away from Brooklyn’s 79th precinct has been sold, city records show.
The 23,500-square-foot building in the Bedford-Stuyvesant neighborhood, adjacent to the New York City Housing Authority’s Louis Armstrong Houses, hosts a mix of residential, retail and garage space and changed hands for $3.3 million.
The buyer and seller, identified as Tomlex Realty and E&J Development, respectively, could not be reached for comment. But the purchase presents significant upside and development potential in the rapidly changing neighborhood, as a majority of the square footage – 9,750 of it – is currently being used as garage space.
A consortium of legal groups is pleading with a city judge to extend the moratorium on post-Sandy evictions that was lifted yesterday.
The group of 19 organizations, led by MFY Legal Services, sent a letter to Deputy Chief Administrative Judge Fern Fisher yesterday asking that she extend the moratorium until Jan. 1.
“We were dismayed to learn that, less than a month after Hurricane Sandy hit, the moratorium on residential evictions is being lifted,” the letter states. “With the city’s infrastructure still reeling, we respectfully request that you reconsider lifting the moratorium.”