SOURCES: Analysis of Depart of Finance’s Real Property Assessment Database since 2011; Department of City Planning
Prepared by Geoffrey Propheter
New York City Independent Budget Office
Print version available here.
New York City By The Numbers |
SOURCES: Analysis of Depart of Finance’s Real Property Assessment Database since 2011; Department of City Planning
Prepared by Geoffrey Propheter
New York City Independent Budget Office
Print version available here.
New York City By The Numbers |
Over the years 2002-2012, about 60 percent of the more than 75,000 homeless families with children entering the city’s shelter system had either a building with rent regulated apartments (43 percent) or a New York City Housing Authority development (16 percent) listed as their last address prior to shelter. The other families came from unregulated private housing (39 percent) or specialized facilities (2 percent), including residential rehabilitation centers. There was some variation in the leading reasons families were approved for shelter that depended upon which type of housing families last lived in.
For more details on the living situations of families before entering the shelter system, see IBO’s recent report: “The Rising Number of Homeless Families in NYC, 2002-2012: A Look at Why Families Were Granted Shelter, the Housing They Had Lived in & Where They Came From.”
New York City Independent Budget Office
SOURCES: IBO analysis of data provided by Department of Homeless Services, New York City Housing Authority, Department of Finance, and the New York
State Division of Homes and Community Renewal
NOTE: IBO was able to match prior address data for 79 percent of the 95,906 shelter entry records during the 2002-2012 study period. Totals may not sum due to rounding.
Print version available here.
New York City By The Numbers |
New York State real property tax law establishes the 421-a property tax exemption for the construction of new multifamily housing in the city. The length of the exemption is 10, 15, 20, or 25 years, which is determined by the location of the new development and whether it includes the construction of affordable housing.
The 421-a exemption is New York City’s most expensive real estate tax break. In 2013, there are 150,000 units of housing receiving 421-a tax exemptions that cost the city $1.1 billion in forgone tax revenue.
PDF version here.
The city has two repair programs that step in when residential landlords fail to maintain their buildings:
Emergency Repair Program. If a landlord fails to correct the most serious housing code violations, the city may make the repairs (or contract out the work) and bill the owner for the cost of the repair and administrative fees.
Alternative Enforcement Program. Each year the city selects the 200 most distressed residential buildings for participation. If the owner fails to make repairs, the city may do so and bill the owner accordingly. For more information see IBO’s fiscal brief on alternative enforcement.
PDF version here.