A version of this article was first published in Next City.
Last summer, the House of Representatives passed the Moving Forward Act, a $1.5 trillion plan to upgrade the national infrastructure and combat climate change by reducing demand for fossil fuels. The bill incorporated a handful of amendments related to housing and homelessness offered by a group of Congressional Democrats.
One of those amendments, introduced by Rep. Alexandria Ocasio-Cortez (D-NY), would have repealed the Faircloth Amendment, a 1990s-era rule that prevents the expansion of public housing in the United States. Repealing the amendment would remove a legal obstacle to a series of ambitioushousingplans that progressives have rallied behind in the last few years, which include calls to repair and expand existing public housing and build new social housing in American cities.
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Developers and building owners, tenants and lenders operating or underwriting loans in New York City, and perhaps beyond, should consider the impact of the city’s newly enacted Climate Mobilization Act (CMA or the Act).
TAKEAWAYS
The Climate Mobilization Act constitutes a profound shift in the regulation of commercial real estate in New York City and all stakeholders including building owners, investors, sellers and purchasers, tenants, and lenders will need to consider how to quantify and allocate the costs of compliance (or non-compliance).
C-PACE (commercial property assessed clean energy) financing will likely become an increasing feature of the landscape of New York City real estate transactions.
City Comptroller Scott Stringer
By Michael V. Cusenza
City Comptroller and mayoral candidate Scott Stringer recently unveiled a 50-page blueprint for a new approach to public safety.
Stringer’s plan, which builds on his June 2020 analysis of the City Police Department budget, would move responsibilities away from the NYPD, address serious crime and the recent increase in shootings, improve accountability and civilian oversight of the NYPD, and reinvest police dollars into communities.
“To keep all New Yorkers truly safe, we must confront the structural racism that is embedded in our criminal legal system, and we must act decisively and creatively to put a stop to the rise of violence in our city. We must transform the City’s approach to public safety, and this report is a blueprint for that transformation,” Stringer said.
Kerry Hannon, The New York Times
Published: 10 Feb 2021 01:57 PM BdST
Updated: 10 Feb 2021 01:57 PM BdST New online tools and an array of remote classes and programmes are ramping up education and training for adults. The New York Times
Deb Livingston, a former business consultant, was always curious and eager to learn just about anything. );
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“When the pandemic hit, I was confined at home and found myself diving into online exploration,” said Livingston, 61. She discovered GetSetUp, an interactive website that delivers virtual education to older adults.
Even former chief executives like Jeff Mihm, a Miami resident who led Noven Pharmaceuticals, sometimes need a new life direction.