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The new State budget is set to be approved this month and advocates and developers are hoping that Governor Cuomo will release $2 billion dollars of frozen money in order to allocate the funds to new housing projects.
The previous year’s housing budget focused on the expansion of affordable housing. A plan to build and to preserve units for low-income and homeless New Yorkers was initially drafted but suffered many roadblocks and as a result never came to fruition. Last year, the governor and his constituents promised that the new plan would have a Memorandum of Understanding affixed to it. However, the memorandum was never drafted and the money to build the affordable housing units was never utilized.
According to Crain’s New York, if
The long anticipated floating park on New York’s Hudson River, known as Pierre 55, has met another roadblock. Manhattan federal judge, Lorna Schofield, sided with the project’s adversaries, ruling that the U.S. Army Corps of Engineers wrongly issued a permit for the construction. She ruled against the project, saying they failed to consider the project’s impact on protected fish and wildlife in the Hudson River sanctuary, as per the NY Times. The City Club of New York has been trying to halt
On Sunday March 26, Mayor Bill de Blasio’s office announced that it has approved the statue of the ‘Fearless Girl’ for an extended stay, near the Charging Bull in the Financial District, through February 2018. The bronze statue depicts a young ponytailed girl standing proudly and staring defiantly. As reported by the NY Daily News, the statue was commissioned by financial services firm State Street and sculpted by Kristen Visbal.
Public Advocate Letitia James made the request to keep the
On Wednesday, March 22, Mayor Bill de Blasio traveled to Albany to rally with Democratic legislators and activists to extend the “millionaires’ tax,” which is supposed to expire this year. De Blasio was also pushing for the “mansion tax,” which was a proposal that he has promoted since 2015. Both taxes are being called upon by De Blasio and his allies to be included in the state’s new budget that must be submitted by April 1.
The two taxes are especially important considering the major federal
The Lower East side is a step closer to receiving additional health care services from NYU Langone Medical Center.
The health center is currently applying to the state Department of Health to gain approval for the construction of an ambulatory surgery center at the Essex Crossing, a mixed-use development located at 175 Delancey Street. The project is expected to cost $32.9 million.
In January 2016, the 55,000-square-foot center was first announced. Pending the state Department of Health’s