As of June 11, 2025, the Fairness in Apartment Rental Expenses (FARE) Act, also known as Local Law 119 of 2024, is in effect after being upheld in court. The law significantly shifts how broker fees are handled in New York...more
6/19/2025
/ Apartments ,
Broker Commissions ,
Brokers ,
Constitutional Challenges ,
Consumer Protection Laws ,
Enforcement ,
Fees ,
Free Speech ,
Landlords ,
New Legislation ,
New York ,
Penalties ,
Real Estate Transactions ,
Regulatory Requirements ,
Tenants
Effective January 1, 2025, New York City’s Fair Chance for Housing Act became law. The Fair Chance for Housing Act is designed to eliminate barriers for individuals with criminal conviction histories seeking housing. The...more
2/18/2025
/ Affordable Housing ,
Anti-Discrimination Policies ,
Civil Rights Act ,
Criminal Background Checks ,
Discrimination ,
Fair Housing Act (FHA) ,
Housing Developers ,
Housing Market ,
Landlords ,
New Legislation ,
New York ,
Property Owners ,
Regulatory Requirements ,
Residential Property Owners ,
Tenants
In early June, the first Commercial Property Assessed Clean Energy (“C-PACE”) transaction closed in New York City, courtesy of C-PACE financing provided by Petros PACE. In connection with a larger $500 million dollar...more