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Plus, delays in Section 8 voucher payments blamed on federal ‘chaos,’ and there’s a new deputy mayor in town.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:42: Lenders are refusing to finance older rent-stabilized buildings 

3:13: Adolfo Carrión named deputy mayor for housing

4:39: Federal ‘chaos’ blamed for Section 8 delay  

6:00: Gas-detector compliance deadline is May 1

7:12: Brad Lander and ‘government brain’

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Plus, the skinny on HPD’s lead-based paint rules.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:34 Gov. Andrew Cuomo enters the mayor’s race

3:58: HUD cuts expected (and projected)

5:42: New rules finalized on lead-based paint 

7:44: Insurance compacts

8:53: Buildings in decline

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Plus, it’s been the coldest winter in a decade. We explain why so many NYC buildings experience uneven heating distribution, and why most 311 heat complaints come to nothing.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:32: City Hall update

2:43: A welcome update on ConEd’s proposed rate hike

3:50: Mandatory sprinkler systems proposal

5:05: LLC compliance update 

6:03: The coldest winter in a decade 

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Plus, we’ll look at why SCRIE and DRIE are great programs that should be expanded, and listen for a mea culpa from Kenny about our comments on energy prices last week.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:32: Chaos at City Hall

3:18: SCRIE & DRIE

4:21: HPD launches ‘J-51’ portal

6:06: NYC Charter Commission 

8:03: ConEd & Gov. Kathy Hochul

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Plus, what’s worse than Hurricane Sandy? We look at New York City’s 15-year flood risk.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:29: Section 8 chaos

→ Delayed NYCHA payments have resumed

3:12: Energy price spikes & political hypocrisy 

→ Con Ed proposes double-digit hike for 2026

→ The utility raised electric rates 9.1% in 2023 

→ Wardean Squire-Askew’s story 

5:24: Flood Report: NYC could see LA-level housing loss in the next decade 

7:00: Will Good Cause Eviction raise New Yorkers’ rents?

→ Meanwhile, Upstate: Syracuse Common Council withdraws Good Cause Eviction proposal 

8:03: Albany lawmakers bullish on Housing Access Voucher Program (HAVP), but Gov. Hochul says program is too expensive 

→ Plus, Kenny rejects the premise that housing vouchers are inherently discriminatory (Read the original story) 

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Plus, why does rebuilding after a fire take so long? And New York is the only place we know that ties rent stabilization to a perpetual housing emergency – thereby maintaining a perpetual disincentive to build new housing.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:34: Rent-stabilized buildings & the banks holding their loans are in serious trouble 

    → Flagstar, formerly NYCB, dumps $142M in rent-stabilized loans

       → Flagstar reports 500% pop in past due debts as rent-stabilized purge continues

    → Bank’s multifamily loans at default risk skyrocket

       → SEC asks New York banks to reveal their exposure to rent-stabilized loans

    → Extend-and-pretend still reigns supreme

3:32: Why it takes so long to rebuild after a fire

5:23: Glorifying rent-stabilized tenants (and what gets lost)

6:48: The latest on rent stabilization in Kingston

8:35: Albany legislative session

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Plus, more evidence that voucher holders are struggling to connect with housing, the latest on TENNY’s lawsuit over unfair property taxes, and some context regarding the Worst Landlords List.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:29: Few housing surprises in Gov. Kathy Hochul’s $252 billion budget proposal 

2:47: Voucher woes 

→ New York City Mayor Eric Adams pledged some 12,000 new vouchers in 2024, but NYCHA only dispersed about 1,500 vouchers among the 200,000-odd households on the waitlist. Today, just 134 of those new voucher holders have found a place to live.

→ The case for an Abundance Agenda

4:21: TENNY lawsuit latest 

→ Tax Equity Now New York filed a motion for summary judgment to force the city to change how some property values are calculated, ahead of the Feb. 20th deadline before which the city must notify property owners about any tax increases.

5:59: Queens squatter pleads guilty

7:15: Rezoning Midtown for housing

8:39: The Worst Landlords List isn’t helpful

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Thousands of buildings will fail if the laws remain unchanged or the government doesn’t provide aid. 

Plus, if your rent is $2,500 in New York City, you are basically paying the same amount in property taxes as a million-dollar single-family home.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:23: SEC investigates NY banks’ exposure to “toxic” rent-stabilized loans

→ Read the letter here

3:07: City continues to raise taxes on rent-stabilized buildings

4:42: Kathy Hochul’s State of the State Address

6:14: Local Law 97 compliance update

→ For those seeking an extension, make sure to hire a registered design professional or retro-commissioning agent before Feb 1st.

→ Compliance reports are due May 1st.

→ Building owners can ask for a 60-day grace period to file reports. For help, please contact our office.

6:53: L.A. climate migrants seek housing in New York

 

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The 2025 session is upon us, and while we’re hoping state lawmakers take up new housing legislation again in 2025, we’re not counting on it. 

Plus, we look at Mayor Adams’ State of the City, and highlight the major reason behind a decline in co-op conversions.

This is your New York Apartment Association weekly update with CEO Kenny Burgos.

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On The Agenda

1:28: The view from Albany 

2:47: Mayor Adams’ State of the City 

4:29: Campaign contributions: Is the ‘real estate pledge’ really dead? 

5:45: ‘Warehousing’ – or lack-thereof 

7:41: Co-op & condo conversions have stalled out. Let’s change that.

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Happy New Year! We’re back and ready to fight harder than ever for housing abundance in 2025. 

This is your New York Apartment Association weekly news update with CEO Kenny Burgos.

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On The Agenda

1:16: Office of Rent Administration Annual Report 

Go deeper: Kenny breaks down operating costs in SF vs. NY

3:18: Preview: State of City & State of the State 

4:42: New York’s Census crisis is New York’s housing crisis 

6:12: Safe e-bike charging initiative 

7:39: Kingston Mayor Steve Noble’s open letter to the Common Council 

Update: Common Council tables resolution lowering affordable rent definition

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