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In 2009 the Loft Board was merged into New York City Department of Buildings. [14] That same year the scope of the law increased with the 2009 Loft Law Amendment that expanded the loft law's coverage to neighborhoods outside of Manhattan such as Williamsburg, Bushwick, and Long Island City. [15]
The HSTPA rent regulation laws did not expel all exit paths for buildings to remove themselves from regulation though. Building owners can still use demolition, substantial rehabilitation, conversion to and from commercial use, and economic infeasibility to continue deregulating their apartments.
The law was administered by the New York City Loft Board. The 1982 Loft Law should not be confused with the artists' loft law, Article 7-b of the New York State Multiple Dwelling Law nor with rent control legislation, which limits the ability of landlords to increase the rent of certain long-term tenants. The artists' loft law requires that the ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 February 2025. Economic policy relating to housing markets Part of a series on Living spaces Main House: detached semi-detached terraced Apartment Bungalow Cottage Ecohouse Green home Housing project Human outpost I-house Ranch Tenement Condominium Mixed-use development Hotel Hostel Castle Public ...
The historic Bush Stadium once hosted the Indianapolis Indians and was used as a dirt track and even a car storage site — before getting converted into the luxury Stadium Lofts complex that ...
Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords along with lease renewals. The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered. [4]
The building was placed on the National Register of Historic Places in 2018. Senior apartments were built in the former Hotel Belleville, which was established in 1931. The building was placed on ...
Requires owners of loft buildings to achieve compliance with the standards of safety and fire protection, and take reasonable and necessary action to obtain certificate of occupancy as a class A multiple dwelling for the residential portion of the building; Authorizes the Loft Board to extend any compliance deadline that an owner is unable to ...