NYC Building Repair Bill May Yield Little More Than Fines
By Kaitlin Ugolik
Law360, New York (January 17, 2013, 9:01 PM ET) -- A bill passed by the New York City Council last week targeting building owners who paper over major repairs has real estate attorneys questioning its efficacy, saying law-abiding landlords are unlikely to meet the strict new timelines and slumlords may choose to pay fines in lieu of costly repairs.
The bill, known as No. 967, gives the Department of Housing Preservation and Development the power to order property owners to repair underlying problems that lead to repeat violations and levy fines or take them to housing...