Page 48 - Stabilization Association News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After Joe Biden is sworn in as the 46th president of the United States on Wednesday, his immediate focus will be getting the coronavirus pandemic under control and providing direct relief to Americans. In addition to immediate actions related to COVID-19, Biden’s Day 1 housing priorities include extending the federal nationwide moratorium on residential evictions through the end of September and sending an additional $25 billion in rental assistance to states. Down the road, Biden has proposed fewer developer-friendly policies than his predecessor, including a repeal of the 1031 exchange ...

The City’s largest organization of landlords of rent-regulated apartments is calling on the city to freeze this year’s property tax assessments after the COVID pandemic wiped five percent off the value of its real estate. The tentative assessment roll for FY22 shows the total market value of all New York City properties is $1.298 trillion, a 5.2 percent decrease from Fiscal Year 2021, according to the new Department of Finance assessment issued on Friday. “By all accounts, 2020 was an extraordinary year with a global pandemic that disrupted virtually all aspects of society,” said inco...

The newest New York state anti-eviction laws brought much needed relief to tenants shell-shocked by financial hardships wrought by COVID, but some mom-and-pop landlords worry those measures may ultimately leave them holding the bag.

Mayor Bill de Blasio (Getty; iStock) The city is forging ahead with its push to help New Yorkers find alternatives to the traditional lump-sum security deposit. The Department of Housing Preservation and Development and the Housing Development Corporation issued a formal request this week to identify companies that could provide other options for tenants, rather than requiring them to pay landlords hundreds, or even thousands, of dollars up front. But — crucially for landlords — this wouldn’t diminish the amount paid to the property owner, who would be insured against claims for damages...

Print Continue to article content Demonstrators held up signs at Brooklyn Housing court during a "No Evictions, No Police" national day of action in New York City. | Michael M. Santiago/Getty Images New York lawmakers approve sweeping eviction moratorium ALBANY, N.Y. — A sweeping eviction ban that advanced in the New York State Legislature on Monday has led to pushback from landlord groups asserting that the measure will hurt struggling property owners, while tenant advocates warned that it’s only a temporary fix. Details: The bill would halt evictions and foreclosures across the state fo...