1993 could be the year for change.If New York's rental industry is to survive, I believe we must have both regulatory and legislative changes to provide relief for property owners this year. On Dec. 3, 1992, the Rent Stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders Association sponsored a housing conference to establish a blueprint blueprint, white-on-blue photographic print, commonly of a working drawing used during building or manufacturing. The plan is first drawn to scale on a special paper or tracing cloth through which light can penetrate. for the survival of New York's housing industry. With every major elected and appointed official from the Mayor on down present, and with 1200 owners in attendance, the conference panel stressed the importance of housing for the future of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and set forth an agenda for change, including regulatory relief, changes in Housing Court and reform of the rent laws. If we look back to last year, I believe we can see how to make these changes happen. The most significant event for property owners last year was the agreement by the Mayor and City Countil to freeze the property tax rate. After years of steadily rising property taxes, that relief was achieved through the lobbying efforts of a broad coalition of groups including owners of multi- family housing, commercial owners, co-op and condo owners and single family homeowners. Only by uniting constituencies whose views often differ were we able to convince the City administration that property tax relief was essential. Looking. forward, one of the major sources of concern for property owners is the rising cost of water and sewer SEWER. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception. Public sewers are, in general, made at the public expense. Crabb, R. P. Sec. 113. service, especially when water meters are concerned. While the RSA's lawsuit seeking to halt the installation of water meters is pending, 1 believe we have made progress on this issue primarily because a number of various interest groups have come forward to express their concern. Non-profit housing Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Non-profit housing uses private funding and government subsidies to support a rent-geared-to-income program for low-income tenants. providers, single-family owners and banking groups have all addressed their concerns to the city administration. As a result, we have already seen some efforts by the City to mitigate mit·i·gate v. To moderate in force or intensity. mit i·ga tion n. the harmful effects of
drastically increasing water and sewer bills, and I believe we will see
more.
For instance, the Water Board recently voted to consider two proposals, one which would roll back metered bills for buildings metered under Local Law 53 and other buildings which were not given the opportunity to avail themselves of a "transition" period, and another proposal which would "forgive" excessive metered bills which resulted from leaks or other unavoidable events. While these problems are a significant acknowledgement of metering problems, they are still only stop-gap measures which do not address the basic flaw in the metering program: there is no incentive for tenants to conserve water. The other major threat now facing owners, proposals for extensive lead paint abatement A reduction, a decrease, or a diminution. The suspension or cessation, in whole or in part, of a continuing charge, such as rent. With respect to estates, an abatement is a proportional diminution or reduction of the monetary legacies, a disposition of property by will, when measures, may also be diminished as a result of opposition by an unusual array of constituencies. In the case of lead abatement, it is not only non-profit housing providers but the city itself which will be subject to very expensive lead paint removal costs if the proposed measures are implemented. It is certainly unusual for property owner to be allied with the city on any issue, but lead paint is clearly one area where government and the private sector, both profit and non-profit, must work together if we are to eliminate this environmental hazard 'Environmental hazard' is a generic term for any situation or state of events which poses a threat to the surrounding environment. This term incorporates topics like pollution and Natural Hazards such as storms and earthquakes. without destroying housing in the process. On the broader issues of overly-restrictive regulation and legislation, we may also find ourselves to be allied increasingly with an unlikely partner: the non-profit housing providers. As the city has increased the size of the nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. sector by transferring formerly privately owned housing to non-profit management, these groups have found that they are encountering the same problems as private owners have experienced for years. The non-profit groups, rather than just organizing tenants, now insist that tenants must take responsibility for conditions in their building. They realize that it takes a minimal amount of money to maintain an apartment. They realize that, sometimes, they must go into Housing Court to evict a non-paying or nuisance nuisance, in law, an act that, without legal justification, interferes with safety, comfort, or the use of property. A private nuisance (e.g., erecting a wall that shuts off a neighbor's light) is one that affects one or a few persons, while a public nuisance (e.g. tenant. And finally, they realize, as one non-profit. provider so aptly put it, "If we don't get paid, we can't deliver services." As the non-profit groups gain experience operating rental properties, they are increasingly frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: not just by the rising costs of real estate taxes and water and sewer charges, but by the costs of unwarranted sanitation sanitation: see plumbing; sanitary science. summonses, emergency repair charges and all the other burdens of excess bureaucracy which private owners have experienced for years. I believe that, increasingly, the nonprofit housing organizations will become allies in the fight for more rational City and Stale/housing policies. We need these allies, because City Hall still 'just doesn't get it' when it comes to the City's rental housing. In his recent State of the City address, the Mayor stressed the importance of the City's small business community to the economic vitality vi·tal·i·ty n. 1. The capacity to live, grow, or develop. 2. Physical or intellectual vigor; energy. of the City. Therefore, the Mayor announced, small business owners would be given a break on sanitation summonses. The Mayor, however, did not include the City's thousands of mom and pop Mom and Pop An adjective denoting a small-scale and family-like atmosphere, often used to describe these types of businesses and investors. Notes: A mom-and-pop business is typically a small family-run business. rental property owners among the City's small business people. Apparently, the Mayor does not believe that rental property owners equally need a break from sanitation summonses. This year, we need to make it clear to the Mayor that this City's rental property owners, both large and small are essential to the future of New York. Rental owners provide the backbone of, the City's neighborhoods and support one-quarter of the City's budget. Without these owners, there will be no New York. This year, we must achieve, not only regulatory relief, but a beginning to the phase-out of rent laws. As the rent laws again expire on June 15, there is an increasing realization that the rent laws have been counter-productive, that they are not benefiting the poor, and that they have imposed a tremendous cost on the taxpayers of New York. What happens this year is key to the survival of New York and its housing industry. That is why the RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. created its own Political Action Committee (RSA-PAC): to provide RSA members with the resources to expand our voice in New York's political arena. |
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