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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

 

Visit our website for more information.

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