CORREX/CLARIFICATION/MORE DETAILS:
- The formula is 5%+inflation OR 10%, whichever is lower. If inflation hits 6%, landlords can only raise by 10%. Inflation hits 11%, landlords can only raise by 10%.
- 485-X requires both union labor and 20-25% of apartment at 80% AMI

On good cause eviction, one source tells me concessions include:
- exemption for rents 200% of fair market rent
- 30 yr exemption for new construction
- owner-occupied buildings of 8 units or less, and those landlords with a 10 unit portfolio exempt
- opt-in for municipalities

Sources tell me and Vaughn Golden: Housing deal.

Broad strokes:
- 485-x replaces 421-a
- 421-a extender
- 12 FAR cap gone
- Office conversion provisions
- Good cause (Proposed cap was 5%+inflation; 10% overall; whichever is higher)
- 'Modest' adjustments to IAI

I've had this happen a few times where I'm covering a trial and Dean Meminger walks in, and everyone lights up.

Court officers, defendants, judge, jury (especially), prosecutors, etc.

He's NYC royalty.

Loved this profile by J. Escobedo Shepherd for Hell Gate *subscribe today!*

hellgatenyc.com/dean-meminger-…

THE BEAVER BUILDING - 80 Beaver Street at Pearl St, view from Wall St c. 1940. Built 1903-04 El is IRT Third Avenue Line. In olden days, bucolic Beaver Creek was here; also street gang THE BEAVER BOYS, with ladies auxillary, THE BEAVERETTES, & youth program, THE LITTLE BEAVERS.

If you're middle class, you're more likely to find an affordable home in Houston than in Boston. If you're really poor you're more likely to find an affordable home in Boston than Houston. (via Yonah Freemark) urban.org/urban-wire/no-…

a group of preschoolers in prospect park counted down the eclipse and then we all clapped, it was very wholesome

NEW: I wrote about Michael Bloomberg’s legacy of downzoning much of NYC to restrict housing.

As rents rise and Adams pushes for growth, some ex-Bloomberg officials admit the approach may have backfired.

'In retrospect, we could’ve been more aggressive':
crainsnewyork.com/politics-polic…

Maria TorresSpringer former Bloomberg Planning official Howard Slatkin said the admin's zoning policy 'played a big role in the virtual disappearance of new housing from low-density neighborhoods.'

Dan Doctoroff also conceded they may have passed up opportunities for growth.
crainsnewyork.com/politics-polic…

v helpful chart via Fiscal Policy Institute on the Albany housing policy landscape as budget negotiations hit home stretch (the Assembly is obviously more open to housing policy than its one-house budget let on but also the most difficult of the 3 parties)

Today in riding gravel bikes and wearing a ridiculous number of winter layers

HIGHBRIDGE COMMUNITY CHURCH - 1272 Ogden Avenue b/w West 169th & 170 Streets, Bronx c. mid-1980s. Built in Richardsonian Romanesque style 1887-88 as Union Reformed Church of Highbridge. Still an active parish— Sunday service at 10 AM—the edifice was landmarked in 2010.

Ed Koch Queensboro Bridge, South Outer Roadway - presented to Manhattan Community Board 6, 8 and Queens Community Board 2 in April 2024 nyc.gov/html/dot/downl…

USGS says 4.8 in NJ, out by Raritan -- earthquake.usgs.gov/earthquakes/ev…

⚠Preliminary info: M5.5 #earthquake ( #sismo ) about 20 mi W of North Plainfield (New Jersey) 3 min ago (local time 10:23:19). Updates at:
📱emsc-csem.org/lastquake/how_…
🌐m.emsc.eu
🖥emsc-csem.org

⚠Preliminary info: #earthquake ( #sismo ) about 20 mi W of North Plainfield (New Jersey) 1 min ago (local time 10:23:19)❗MAGNITUDE NOT AVAILABLE YET❗Updates at:
📱emsc-csem.org/lastquake/how_…
🌐m.emsc.eu
🖥emsc-csem.org

earthquake??? In New York city??

NYC’s Buildings boss is pushing legislation that would give inspectors the power to “make arrests, use physical force in the course of fulfilling their duties, and carry firearms provided they have the appropriate license,” according to an email to staff

gothamist.com/news/nyc-build…

Latest from Center for Public Enterprise. advait on rooftop solar, Paul E Williams Williams on the shift to section 8 vouchers as affordable housing finance. In did a write up on the LPO geothermal take off report and its implicit economics.
newsletter.publicenterprise.org/capacity-facto…

Senator Jessica Ramos, who has a lot of power to make or break Cohen's casino wishes, said in a statement in response to Moya's press release that she 'question[s] the strategy' from Metropolitan Park. See the full statement in next tweet.