News & Politics

The following message is from Sean Sweeney of The SoHo Alliance regarding the major zoning changes in the SoHo area:

Dear SoHo,


Some call it pandering to the Real Estate Board which has already neutered Housing Preservation and Development to the extent that rent-controlled and rent-stabilized tenants cannot rely on the City to protect their rights.  Market-rate tenants have practically no rights and pay the highest rents now. Unscrupulous landlords (now all too common), for example, use the  litigation ploy to force tenants out by dragging them into court for any reason whatever, and then bankrupting tenants while necessitating the  cost of paying a lawyer AND also paying rent at the same time.


New York Fashion Week. Usurping lower Manhattan for fun and especially profit. But not yours. Only the film companies get more free parking.

For those of you who are not fans of New York Fashion Week -- a name which refers to a number of locations where fashionistas appear and parking spaces disappear -- you should be aware that they’ve been thrown out of many locations in the past. From The Plaza to Bryant Park to Lincoln Center -- and now to Downtown streets near you at 50 Varick Street (reappearing twice a year).

 


 A long awaited message from our friends at The Office of Attorney General! We congratulate the newly appointed Attorney General, Letitia James!: 

Letitia James Sworn In as New York State Attorney General 

Takes Oath of Office at State Capitol in Albany


 The article below is a message from our friends at Downtown Independent Democrats:


Here's a dose of reality for those of you downtown that have an interest in real estate -- for renters, buyers and sellers.

Robert Agee


Vote! 

While you still can. 


 

"Real Estate is always good, as far as I'm concerned."

 --Donald Trump

 

While many of us are focused on the upcoming mid-term elections a lot has been going on in real estate. There has been a plethora of new construction in Tribeca and SoHo and rentals are starting to decline. Current prices for units that are coming on the market, both Downtown rents and sales of Condos, are dropping. 


Here's an important plank in the James campaign that addresses some of the abuses by SoHo landlords and developers seeking to gut rent-control and rent-stabilization. 

This is how the real affordable housing crisis is unfolding. In cases that are not well known, the real estate industry and abusive landlords have been litigating Seniors out of older SoHo lofts and out of their apartments in order to push development. HPD has done nothing but support these illegal efforts and the Courts are willing co-conspirators.: 


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