Field Updates

LIBOR's Government Affairs department and several LIBOR members joined NYSAR’s “NYC Issues Working Group” meeting in Lower Manhattan last week to discuss both local elections and key legislative issues.

On Tuesday, a State Supreme Court judge dismissed a pair of lawsuits brought by Airbnb against New York City over a new registration law for short-term rentals, known as  Local Law 18.

Last week while touring Columbia County, State Assembly Speaker Carl Heastie discussed Gov. Kathy Hochul’s housing plan, which was rejected by the legislature earlier this year.

On Monday, former State Senator and Suffolk County Legislator James Gaughran announced his run for Congress representing the First District.

Councilman Robert Holden of Middle Village and Queens Borough President Donovan Richards Jr. introduced two pieces of legislation last Thursday

The White House released two announcements last week, outlining  actions to boost the housing supply, and offering guidance for multifamily properties.

Gov. Kathy Hochul said that funding from the federal Inflation Reduction Act will boost nuclear power in New York and help lower the utility bills of millions living in the state.

On Wednesday, July 26, State Senator Kevin Thomas (D-Nassau)  announced that he is running for Congress in the 4th Congressional District

Gov. Kathy Hochul announced that a special election will be held on Tuesday, September 12 to fill the vacant 27th Assembly District seat in Central Queens previously held by Democrat Daniel Rosenthal

On Tuesday, July  18, Gov. Kathy Hochul  announced several executive actions to promote housing growth in New York State.

According to Politico, on Thursday, July 20, the state Public Service Commission authorized an estimated $43.7 billion

On July 18, State Comptroller Tom DiNapoli released a report on the updated Division of Budget forecast of the gap between revenues and expenses, totaling $36.4 billion through fiscal year 2026-27

Real estate licensees may not make any unsolicited phone calls to a member of the public during a State of Emergency.

After not being able to come to an agreement with the state legislature last month, Gov. Kathy Hochul took action yesterday, issuing Executive Order No. 30, aimed at addressing the housing crisis in New York State.

On June 21, the U.S. House of Representatives passed  H.R. 3799, the CHOICE Arrangement Act.

On Thursday, the New York City Council voted 42-8 to override Mayor Eric Adams’ veto of a package of bills to expand access to the city’s rental housing voucher program.

Property owners with lower or fixed incomes are scrambling to fund renovations to Comply with a New York City climate law ( Local Law 97) requiring buildings to reduce carbon emissions.

Last week, state utility regulators began  planning for a major new underwater transmission project to bring offshore wind energy into New York City

On Wednesday, the Department of State adopted regulations establishing a new cease and desist zone covering parts of Brooklyn in areas within Community Board 17

New York City Mayor Eric Adams and City Council Speaker Adrienne Adams have come to an agreement on a $107 billion city budget ahead of the July 1 deadline