In the midst of the global COVID-19 (Coronavirus) pandemic, some New York building owners are breathing a collective sigh of relief after securing a hard-fought victory in the New York Court of Appeals. On April 2, 2020, the Court of Appeals, in a divisive 4-3 decision, struck down Part F of the Housing Stability and
Real Estate
NYC Provides Guidance for Programs Available to Property Owners for Relief from Property Taxes
By John S. Stewart & Nicole Dlugosz on
Posted in Real Estate, Tax
In the midst of the global COVID-19 (Coronavirus) pandemic, the New York City Department of Finance (“DOF”) recently publicized several programs aimed at assisting property owners experiencing hardships with making their property tax payments. The programs are not new but may provide relief for homeowners and other property owners experiencing hardship during these difficult times. …
Proposed Bill to Cancel Rent Payments for Individuals and Small Businesses
By Arianna Christopher on
Posted in Real Estate
New York State Senate Bill S8125A is back in the headlines after 60,000 New Yorkers reportedly requested for the bill to be passed via the New York Senate’s website. Support for the bill is growing rapidly, earning the backing of Presidential Candidate Bernie Sanders, who tweeted his support over the weekend.
The bill seeks to…
NYC DOB Tells Contractors How to Safely Wind Down Construction Sites
By Arianna Christopher & Aaron S. Brotman on
Posted in Construction, Real Estate
As a result of the “stop work order” on construction in New York State, many projects are now being suspended. In shutting down, it is crucial that the workforce and the public are protected. The Department of Buildings (DOB) offered guidance on how to do that, and what is required for a suspended project, in…
New York Waives Property and Casualty Insurance Premiums for Small Businesses
By John S. Stewart on
Posted in Real Estate
In keeping with New York Governor Cuomo’s Executive Order No. 202.13., the New York State Department of Financial Services (DFS) adopted an emergency regulation to provide relief for New York consumers and small businesses experiencing financial hardship due to COVID-19. The DFS regulation, among other things, requires New York State regulated issuers of property…