DOCSLIB.ORG

Overview of the Mitchell-Lama Affordable Housing Program

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Overview of the Mitchell-Lama Affordable Housing Program SUSTAINING AFFORDABLE HOUSING IN A COMPETITIVE REAL ESTATE MARKET: A Case Study of Mitchell­Lama Rental Units Prepared by Wendy D. Anderson Joanna Raymundo Lindsay Ruprecht Heather Sheridan COMMUNITY DEVELOPMENT FINANCE LAB April 7, 2008 Sponsored By Prepared for TABLE OF THE URBAN HOMESTEADING ASSISTANCE BOARD Table of Contents Acknowledgements……………………………………………………………………………………………….…..…………..3 Executive Summary…………………………………..………………………...……………………….………….…………….4 Project Mandate…………………………………….……………………………………………………...…………….…………5 Overview of the Mitchell­Lama Affordable Housing Program……………...……….………………….…….5 Methodology……………………………………..…………………………..….…………………………………………………12 The Key Players………………………………………………………………...………………………………………….……..12 Economics of the Deals………………………………………………………...…………...……………………………...…14 Investment by New York City Pension Funds………………………………….……………………………………16 The Importance of Section 8……………………………………………..…...………..………………………………..…18 New York City Housing Policies……………………………………………………………………………………………19 Local successes…………………………………………………………………..………………………………………………..20 Other City Models…………………………………………………………….…………………………………………….……21 Recommendations…………………………………………………….………………….………………………………..……22 Appendices Appendix A: List of Mitchell­Lama Rentals Expiring Out of the Program…………………..….25 Appendix B: Loss of Mitchell­Lama Units by Borough……………………………….……………….….26 Appendix C: Lenders Involved in Buyouts or Pending Buyouts…………………………………..…28 Appendix D: HDC Preservation of Mitchell­Lama Properties: Mortgage Restructuring and Repair Loan Programs……………………………………………………………………………….…………..29 Appendix E: Development and Management Companies Participating in the HDC Preservation of Mitchell­Lama Properties: Mortgage Restructuring/Repair Loan Programs………………………………………………………………………………………………………………………30 Appendix F: Average Rent Stabilized Unit Rent…………………………………………………….……….36 Appendix G: Ten­Year Rent Increases…………………………………………………………………………...38 Appendix H: Buyout Transactions…………………………………………………………………………………39 2 Appendix I: Financial Models………………………………………………………………………………………...42 Appendix J: Tenant Association Contacts and Meeting Dates…………………………….…….……59 Appendix K: Resident Survey………………………………………………………………………..……….………60 References……...………………………………………………………………………………………………………………...…61 Acknowledgements We would like to extend a special thank you to our faculty advisor Blaise Rastello who made great contributions to our direction as he guided us through the process and some of the technical details involved in the project. We also appreciate the insight of Dr. Lisa Servon, Associate Director of the Community Development Research Center at Milano The New School for Management and Urban Policy and Associate Professor of the Community Development Finance Lab. We would also like to thank HSBC for funding this project. Contributions like theirs allow Milano students to gain significant experience while working towards making a difference in the community. 3 Executive Summary The limited Profit Housing Companies Act was created in 1955 to create affordable housing for middle‐income residents. Mitchell‐Lama housing came as a result of this legislation. After twenty years from the original occupancy date, owners of the developments were allowed to buyout and leave the Mitchell‐Lama program. Policy‐makers did not plan for the soaring real estate market that New York City has experienced over the last decade; and this has enticed owners of limited‐profit housing projects prepay their mortgages in order to gain early departure from the affordable housing program restrictions. New York is running out of land on which to build and the numbers of affordable housing units available in the city are dwindling. This is an extremely important issue not only for affordable housing advocates but tenants, community leaders and other stakeholders who have a vested interest in preserving the affordability of expiring Mitchell‐Lama units. Our research focused strictly on Mitchell‐Lama rental units. We looked at three properties that are pending a buyout from the Mitchell‐Lama Program and four properties that have finalized the buyout process. Utilizing policy reports, case studies, legislation, financial reports and the Automated City Register Information System (ACRIS) and interviews with tenants, developers, banking specialists and political officials, we created financial models projecting the rent changes that can be expected for the seven properties with industry‐ standard investment practices. The models generally demonstrate extreme rent increases, which carry high probability of tenant displacement and therefore permanent loss of the units' affordability. We also identify key lenders and developers in these buyout deals. Our recommendations to the Urban Homesteading Assistance Board (UHAB) are the continuation of advocacy efforts persuading the Department of Housing Preservation and Development (HPD) and the Housing Development Corporation (HDC) to vet these deals and meeting with the Comptroller’s Office on an on‐going basis to ensure that public pension funds are not being used in these deals. Other short‐term strategies include meeting with lenders that underwrite the deals involving the sale of affordable housing units and educating them about their role, participation and responsibility as lenders, emphasizing that these activities could be detrimental to their credibility as responsible lenders. Reticent lenders’ practices, which add to the instability in the affordable housing market, should be exposed through a focused media campaign. In the long‐term UHAB should develop and implement the policies and mechanics on purchase options on city financing programs to ensure permanent affordability through collaboration with other non‐profit advocacy organizations such as the Association for Neighborhood Housing and Development (ANHD) and for‐profit developers who can implement finance strategies to preserve affordable housing. Most importantly UHAB must create a broad coalition of developers, bankers and other advocacy organizations to present policy solutions to the city as a united front. 4 Project Mandate Our team was charged with answering the following: Due to the rising population growth and increasingly competitive real estate market in New York City, what can be done to preserve sustainable affordable rental housing units for low and middle‐income residents? Overview of the Mitchell­Lama Affordable Housing Program The limited Profit Housing Companies Act was created in 1955 for the purpose of building affordable housing for middle‐income residents. The housing that was built as a result of this legislation was called Mitchell‐Lama units, derived from the names of former Manhattan State Senator MacNeil Mitchell and former Brooklyn Assemblyman Alfred Lama who sponsored the legislation. The Mitchell‐Lama program facilitated the construction of nearly 142,000 units of affordable housing in New York City. Owners were required by law to keep rents affordable in exchange for low‐interest mortgage loans and real property tax exemptions. 1 Table 1 shows the number of Mitchell‐Lama Rental and Co‐op Units created in each borough. Manhattan had the most rentals, 25,219 and the Bronx had the most co‐ops with 22,732. There were 74,182 rentals created in New York City and 67,815 co‐ops for a total of 141,997 Mitchell‐Lama Units. Table 1: Total Number of Mitchell­Lama Units Created in Each Borough Borough Rentals Co­ops Total Bronx 21,755 22,732 44,487 Brooklyn 18,044 16,391 34,435 Manhattan 25,219 15,876 41,095 Queens 8,176 12,8 16 20,992 Staten Island 988 0 988 NYC Total 74,182 67,815 141,997 Sources: Division of Housing and Community Renewal (DHCR) and NYC Comptroller’s Office The Mitchell‐Lama program did not ensure permanent affordable housing. After twenty years from the original occupancy date, owners of the developments were allowed to buy out and leave the program. The process of leaving the supervision of the Mitchell‐Lama program begins when a development owner serves the New York State Division of Housing and Community Renewal (DHCR) or the New York City Department of Housing 1 Affordable No More, 2006 5 Preservation and Development (HPD) and the tenants of the building, with a formal notice of intent to leave the program. One year after filing this document, the owner may leave the program if all other terms and obligations of the contract that established the original development, have been met. Many buildings began timing out of the program in the early 1990’s. At this time DHCR issued regulations stipulating that certain areas are subject to the Rent Stabilization Law (RSL) of 1969 or the Emergency Tenant Protection Act (ETPA) of 1974, and Mitchell‐Lama buildings in those areas would be protected under Rent Stabilization guidelines after being bought out. The policy report, “Affordable No More: An Update” released by the New York City Comptroller’s Office in 2006 states the circumstances under which Mitchell‐Lamas are subject to RSL and ETPA. As stated in this report, Mitchell‐Lama developments occupied on or after January 1, 1974, are not subject to rent stabilization. Also, all units that were built prior to 1969 but were not occupied continuously between July 1, 1971 and December 31, 1973, and those that were built between March 10, 1969 and January 1, 1974 are governed by the ETPA. A section in the ETPA states that owners can submit a request to DHCR, within 60 days of leaving the program, to increase rent in a building due to “unique and peculiar circumstances,”
Load more

Recommended publications
  • April 1, 2011 Thru June 30, 2011 Performance Report B-11
    Grantee: New York City, NY Grant: B-11-MN-36-0103 April 1, 2011 thru June 30, 2011 Performance Report 1 Community Development Systems Disaster Recovery Grant Reporting System (DRGR) Grant Number: Obligation Date: Award Date: B-11-MN-36-0103 Grantee Name: Contract End Date: Review by HUD: New York City, NY 03/10/2014 Reviewed and Approved LOCCS Authorized Amount: Grant Status: QPR Contact: $9,787,803.00 Active Lindsay Haddix Estimated PI/RL Funds: $0.00 Total Budget: $9,787,803.00 Disasters: Declaration Number No Disasters Found Narratives Summary of Distribution and Uses of NSP Funds: The Ely Avenue project was initially conceptualized in 2006 to build ten two-family homes in the Baychester neighborhood of the Bronx. The construction began on schedule and continued until the project was 75% built. The Ely Avenue project will be carried out under NSP Eligible Use B: Acquisition and Rehabilitation and CDBG Activity Sec. 570.201(a) Acquisition. A new developer, using a combination of $1,500,000 of NSP3 funds, a private mortgage and equity would acquire the project and complete the remaining construction. Upon completion, all 20 units would be rented to low, moderate and middle-income individuals and families at, or below 120% of the area median income (AMI). The Kelly Street 25% project consists of a 79 unit, five building portfolio located on Kelly Street in Longwood/Hunts Point neighborhood of the Bronx. The portfolio was initially acquired by a speculative investor and has since fallen into a severe state of physical distress.An affordable housing owner, WFH Advisors would purchase the portfolio of buildings using a combination of funds that includes $2,446,825 in NSP3 funds.
    [Show full text]
  • Supreme Court, Appellate Division First Department
    SUPREME COURT, APPELLATE DIVISION FIRST DEPARTMENT JUNE 7, 2011 THE COURT ANNOUNCES THE FOLLOWING DECISIONS: Gonzalez, P.J., Tom, Andrias, Moskowitz, Freedman, JJ. 5047 The People of the State of New York, Ind. 714/00 Respondent, -against- Bobby Perez, Defendant-Appellant. _________________________ Robert S. Dean, Center for Appellate Litigation, New York (Mark W. Zeno of counsel), for appellant. Robert T. Johnson, District Attorney, Bronx (Bari L. Kamlet of counsel), for respondent. _________________________ Judgment of resentence, Supreme Court, Bronx County (Margaret L. Clancy, J.), rendered April 23, 2010, resentencing defendant to an aggregate term of 12 years, with 5 years’ postrelease supervision, unanimously affirmed. The resentencing proceeding imposing a term of postrelease supervision was not barred by double jeopardy since defendant was still serving his prison term at that time and had no reasonable expectation of finality in his illegal sentence (People v Lingle, __ NY3d __, 2011 NY Slip Op 03308 [Apr 28, 2011]). We have considered and rejected defendant’s due process argument. Defendant’s remaining challenges to his resentencing are similar to arguments that were rejected in People v Williams (14 NY3d 198 [2010], cert denied __ US __, 131 SCt 125 [2010]). We perceive no basis for reducing the sentence. THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT. ENTERED: JUNE 7, 2011 _______________________ CLERK 2 Tom, J.P., Friedman, Catterson, Renwick, Abdus-Salaam, JJ. 3937 The Goldman Sachs Group, Inc., Index 602060/09 Plaintiff-Appellant, Goldman, Sachs & Co., Plaintiff, -against- Almah LLC, Defendant-Respondent. _________________________ Morrison Cohen LLP, New York (Mary E.
    [Show full text]
  • Why Hip Hop Began in the Bronx- Lecture for C-Span
    Fordham University DigitalResearch@Fordham Occasional Essays Bronx African American History Project 10-28-2019 Why Hip Hop Began in the Bronx- Lecture for C-Span Mark Naison Follow this and additional works at: https://fordham.bepress.com/baahp_essays Part of the African American Studies Commons, American Popular Culture Commons, Cultural History Commons, and the Ethnomusicology Commons Why Hip Hop Began in the Bronx- My Lecture for C-Span What I am about to describe to you is one of the most improbable and inspiring stories you will ever hear. It is about how young people in a section of New York widely regarded as a site of unspeakable violence and tragedy created an art form that would sweep the world. It is a story filled with ironies, unexplored connections and lessons for today. And I am proud to share it not only with my wonderful Rock and Roll to Hip Hop class but with C-Span’s global audience through its lectures in American history series. Before going into the substance of my lecture, which explores some features of Bronx history which many people might not be familiar with, I want to explain what definition of Hip Hop that I will be using in this talk. Some people think of Hip Hop exclusively as “rap music,” an art form taken to it’s highest form by people like Tupac Shakur, Missy Elliot, JZ, Nas, Kendrick Lamar, Wu Tang Clan and other masters of that verbal and musical art, but I am thinking of it as a multilayered arts movement of which rapping is only one component.
    [Show full text]
  • Home Is Where the Heart Is: the Crisis of Homeless Children and Families in New York City
    DOCUMENT RESUME ED 304 228 PS 017 830 AUTHOR Mr,lnar, Janice; And Others TITLE Home Is Where the Heart Is: The Crisis of Homeless Children and Families in New York City. A Report to the Edna McConnell Clark Foundation. INSTITUTION Bank Street Coll. of Education, New York, N.Y. SI-ONS AGENCY Edna McConnell Clark Foundation, New York, N.Y. PUB DATE Mar 88 NOTE 141p. AVAILABLE FROMBank Street College of Education, 610 West 112th Street, New York, NY 10025 ($14.45, plus $2.40 handling). PUB TYPE Reports - Descriptive (141) EDRS PRICE MF01/PC06 Plus Postage. DESCRIPTORS *Childhood Needs; *Delivery Systems; Education; *Family Problems; Futures (of Society); *Health; *Homeless People; *Nutrition; Preschool Children; Welfare Services IDENTIFIERS *New York (New York); Transitional Shelter System ABSTRACT This report on homeless children between infancy and 5 years of age highlights issues facing the 11,000 homeless children and their families living in emergency temporary housing in New York City. The rising incidence of homelessness among families is considered in national and local contexts. There follows an overview of the transitional shelter system in New York City and themany agencies serving homeless children and their families. Subsequent sections profile what is known about the health, nutrition, educatt-4, and child and family welfare of homeless chilndre. This discussion is followed by developmental descriptions of young children observed during a 6-month period at the American Red Cross Emergency Family Center. Concluding sections
    [Show full text]
  • Tourism Issue Industry? Industry? Carriage-Horse Park’Skill Central Will Next Mayor Group Hotel Morgans Checkout Time for 3 P
    Tourism CRAIN’S® Issue NEW YORK BUSINESS VOL. XXIX, NO. 27 WWW.CRAINSNEWYORK.COM JULY 8-14, 2013 PRICE: $3.00 Click! INSIDE City’s kid-friendly travel market soars. Just ask the Ross family. p. 2 5 Our airports. Ugh p. 3 THE ROSS FAMILY OF ST. LOUIS said they Checkout time for spent about $1,600 on hotel and airfare for Morgans Hotel their five-day stay in New York City last month. Group p. 4 Will next mayor kill Central Park’s carriage-horse industry? p.16 NEWSPAPER buck ennis EDITOR’S NOTE Liberty for all FYICRAINSNEWYORK.COM Granted, I’m not privy to NYPD Penguin Random House aims to bookend Amazon’s rule counterterrorism intelligence, but something doesn’t add up with the lmost overnight, the New York book Police Department’s insistence publishing landscape got a lot smaller—or since 9/11 that visitors to the Statue Abigger, if you happen to work for Random of Liberty and Ellis Island be House or Penguin, which last week became the screened for weapons and explosive publishing industry behemoth Penguin Random devices in Manhattan before House. With more than 10,000 employees, the new Glenn Coleman boarding tour boats for Lady global publisher will control 25% of the market for Liberty.The NYPD has stymied general-interest books, putting out more than repeated efforts by the National Park Service to move 15,000 titles—from Dan Brown’s thrillers to Khaled Hosseini’s best-sellers—from nearly 250 the screening lines to Ellis Island, which neighbors imprints and houses.
    [Show full text]
  • Star House Brand Principles and Themes
    Star House Refurb. Brand Direction. Version 1 3 December 2015 PositioningAll about and Sense integration.the people. “ You are a product of your environment” W. Clement Stone. Star House Refurb. We need to live our brand purpose. Reinvent the rules. Make mobile better. Star House Refurb. And do it every day. Translate the purpose into the environment. A space where reinvention can happen. Star House Refurb. The tone. How are we approaching the refurb from a brand point of view? Star House Refurb. The tone. • Playful, but grown up. • A space made for reinvention. • Quirky without being ‘look at me, look at me.’ • Considered - Warm neutrals with bold accents and colour zoning in specific areas to contrast with bright furniture. Star House Refurb. Principles. 1 2 3 4 4 holistic rules to approach the refurb from layout to branding to the chairs we sit on. Star House Refurb. 1 Flexibility. A space we can all use differently. How do we move around the building • No one person works the sameand way. within our own areas? • Need to address different departmentsHow do needswe give our people • Agile working environments which change to reflect their occupants and thefunction perfect on a daily journey basis. at the start, middle and end of their working day? Star House Refurb. 2 Collaborate. A space to work together. How do we move around the building and within our own areas? • We work best when we’re working with others. How do we give our people • Amazing things happen in unexpected places. • Increase breakout collaboration areas and the perfect journey at the start, improve layout for seating and meeting spaces.
    [Show full text]
  • The Historical Roots of Hip Hop Overview
    THE HISTORICAL ROOTS OF HIP HOP OVERVIEW ESSENTIAL QUESTION What are the historical roots of Hip Hop? OVERVIEW Hip Hop emerged directly out of the living conditions in America’s inner cities in the 1970s, particularly the South Bronx region of New York City. As a largely white, middle-class population left urban areas for the suburbs in the 1950s and 1960s—a phenomenon known as “white flight”— the demographics of communities such as the Bronx shifted rapidly. The Bronx, one of New York City’s five “boroughs,” became populated mainly by Blacks and Hispanics, including large immigrant populations from Caribbean nations including Puerto Rico, the Dominican Republic, Jamaica, Barbados, Trinidad and Tobago, and others. Simultaneous with the “white flight,” social and economic disruptions abounded. Construction on the Cross Bronx Expressway, which began in the postwar period and continued into the early 1970s, decimated several of the minority neighborhoods in its path; city infrastructure was allowed to crumble in the wake of budget cuts, hitting the less privileged parts of the city most directly; and strikes organized by disaffected blue-collar workers crippled the entire metropolitan area. Amidst the higher crime and rising poverty rates that came with urban decay, young people in the South Bronx made use of limited resources to create cultural expressions that encompassed not only music, but also dance, visual art, and fashion. In music, Latin and Caribbean traditions met and mingled with the sounds of sixties and seventies Soul, Disco, and Funk. The venues for the emerging art of Hip Hop were public parks and community recreation centers, sheets of cardboard laid out on city sidewalks became dance floors, and brick walls were transformed into artists’ canvases.
    [Show full text]
  • Columbia University Expansion Into West Harlem, New York City
    Harlem, New York City | 143 Columbia University 06 Expansion into West Harlem, New York City Sheila Foster Harlem neighborhood, Manhattan. New York @Shutterstock York New Manhattan. Harlem neighborhood, I. BACKGROUND1 A. Columbia University’s Expansion Proposal In July 2003, Columbia University announced its thirty-year plan to build an eighteen-acre science and arts complex in West Harlem just north of its historic Morningside Heights campus and two miles south of its uptown medical center.2 Columbia’s plan would change the physical and socioeconomic layout of the target area. The plan involved massive growth of its existing campus, requiring significant re-zoning of the area targeted for construction. At the time of its announcement, Columbia already had purchased nearly half of the site and expected to acquire the other half through private sales, or from City and State agencies that owned large parcels in the proposed footprint.3 By the time that the plan was approved by the New York City Council in December 2007, Columbia controlled all but a very few properties on the proposed expansion site. Its evolving plan for the new campus had expanded to include a new business school, scientific research facilities (including laboratories), student and staff housing, and an underground gym and pool. Columbia’s announcement set in motion a complex, multi-level legal and political process which ultimately led to the project’s approval and commencement. The construction process for Columbia’s new campus continues today, as do the local tensions around its expansion into a historically low-income, ethnic minority neighborhood. 1 Much of the background on Columbia’s expansion are contained in Sheila R.
    [Show full text]
  • Board of Elections the City of New York
    Board of Elections The City of New York Annual Report 2015 TABLE OF CONTENTS 01 INTRODUCTION 02 COMMISSIONERS OF ELECTIONS IN THE CITY OF NEW YORK 03 MISSION STATEMENT 04 PRESIDENT’S MESSAGE 05 COMMISSIONERS’ PROFILES 10 COUNSEL TO THE COMMISSIONERS 10 EXECUTIVE MANAGEMENT 11 SENIOR STAFF 11 BOROUGH OFFICES 13 CANDIDATE RECORDS UNIT 17 TURNOUT SUMMARY SPECIAL ELECTION – 05/05/2015 18 TURNOUT SUMMARY PRIMARY ELECTION – 09/10/2015 19 TURNOUT SUMMARY GENERAL ELECTION – 11/03/2015 20 COMMUNICATIONS AND PUBLIC AFFAIRS 22 VOTER REGISTRATION 29 ELECTION DAY OPERATIONS 41 VOTING EQUIPMENT OPERATIONS UNIT / POLL SITE MANAGEMENT 44 FACILITIES OPERATIONS 45 PROCUREMENT DEPARTMENT 46 ELECTRONIC VOTING SYSTEMS DEPARTMENT 50 PERSONNEL AND RECORDS MANAGEMENT 51 FINANCE 53 OFFICE OF THE GENERAL COUNSEL 54 MANAGEMENT INFORMATION SYSTEMS DEPARTMENT (MIS) 58 PAYROLL 59 CUSTOMER SERVICE 60 BALLOT MANAGEMENT DEPARTMENT 61 APPENDIX The Board is headed by ten Commissioners, two from each borough representing both major political parties for a term of four years appointed by the New York City Council... Board of Elections The City of New York Introduction ... A similar bipartisan arrangement of over 351 deputies, clerks and other personnel ensures that no one party controls the Board of Elections. The Board appoints an executive staff consisting of an Executive Director, Deputy Executive Director and other senior staff managers charged with the responsibility to oversee the operations of the Board on a daily basis. Together, the executive and support staffs provide a wide range of electoral services to residents in Manhattan, The Bronx, Brooklyn, Queens and Staten Island. Using your Smartphone, download a FREE QR Reader.
    [Show full text]
  • The New-York Historical Society Library Department of Prints, Photographs, and Architectural Collections
    Guide to the Geographic File ca 1800-present (Bulk 1850-1950) PR20 The New-York Historical Society 170 Central Park West New York, NY 10024 Descriptive Summary Title: Geographic File Dates: ca 1800-present (bulk 1850-1950) Abstract: The Geographic File includes prints, photographs, and newspaper clippings of street views and buildings in the five boroughs (Series III and IV), arranged by location or by type of structure. Series I and II contain foreign views and United States views outside of New York City. Quantity: 135 linear feet (160 boxes; 124 drawers of flat files) Call Phrase: PR 20 Note: This is a PDF version of a legacy finding aid that has not been updated recently and is provided “as is.” It is key-word searchable and can be used to identify and request materials through our online request system (AEON). PR 000 2 The New-York Historical Society Library Department of Prints, Photographs, and Architectural Collections PR 020 GEOGRAPHIC FILE Series I. Foreign Views Series II. American Views Series III. New York City Views (Manhattan) Series IV. New York City Views (Other Boroughs) Processed by Committee Current as of May 25, 2006 PR 020 3 Provenance Material is a combination of gifts and purchases. Individual dates or information can be found on the verso of most items. Access The collection is open to qualified researchers. Portions of the collection that have been photocopied or microfilmed will be brought to the researcher in that format; microfilm can be made available through Interlibrary Loan. Photocopying Photocopying will be undertaken by staff only, and is limited to twenty exposures of stable, unbound material per day.
    [Show full text]
  • Case 8-15-71074-Reg Doc 466 Filed 08/13/15
    Case 8-15-71074-reg Doc 466 Filed 08/13/15 Entered 08/13/15 11:05:33 Case 8-15-71074-reg Doc 466 Filed 08/13/15 Entered 08/13/15 11:05:33 Case 8-15-71074-reg Doc 466 Filed 08/13/15 Entered 08/13/15 11:05:33 Federation Employment and Guidance Service , Inc. dba F.E.G.S. - Service List to e-mail Recipients Served 8/7/2015 175 HEMPSTEAD, LLC 315 HUDSON, LLC AMERICAN EXPRESS TRAVEL RELATED SERVICES C PETER KOSTEAS PAT MARTIN GILBERT B WEISMAN [email protected] [email protected] [email protected] BELKIN BURDEN WENIG & GOLDMAN LLP BOND, SCHOENECK & KING, PLLC BOND, SCHOENECK & KING, PLLC S. STEWART SMITH GRAYSON T. WALTER STEPHEN DONATO [email protected] [email protected] [email protected] BRONX LEBANON HOSPITAL CENTER BRYAN CAVE LLP BRYAN CAVE LLP VICTOR G. DEMARCO AARON E. DAVIS THOMAS J. SCHELL [email protected] [email protected] [email protected] CARY KANE LLP CARY KANE LLP CARY KANE LLP CHRISTOPHER BALUZY LARRY CARY LIZ VLADECK [email protected] [email protected] [email protected] DLA PIPER LLP (US) DLA PIPER LLP (US) DORMITORY AUTHORITY OF THE STATE OF NEW YO C. KEVIN KOBBE JAMILA JUSTINE WILLIS LARRY N. VOLK [email protected] [email protected] [email protected] FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP HAMBURGER, MAXSON,YAFFE & MCNALLY, LLP GARY KAPLAN JOSEPH BUECHE LANE MAXSON [email protected] [email protected] [email protected] HAMBURGER, MAXSON,YAFFE & MCNALLY, LLP HARRIS BEACH PLLC HINSHAW & CULBERTSON LLP WILLIAM CAFFREY,JR.
    [Show full text]
  • Crain's New York Business
    WITHERING HEIGHTS LUX CONDO SALES STALL OUT CRAIN’S® NEW YORK BUSINESS PAGE 3 VOL. XXXI, NO. 1 WWW.CRAINSNEWYORK.COM JANUARY 5-11, 2015 PRICE: $3.00 2015 ECONOMIC OUTLOOK Year of the Bezos newscom The most disruptive force in all of NY business may be the dude from Seattle Fort Greene neighborhood in the fall. while resorting to kneecapping in e-book company’s recently launched one-hour deliv- BY MATTHEW FLAMM The new service is the latest move by Ama- price negotiations—is also becoming a player ery service in Manhattan. And Amazon Pay- zon to disrupt a New York industry and chal- in TV programming. Last year, Amazon ments holds the long-range prospect of be- Despite getting battered in the press over his lenge existing players—in this case, home- gained critical success for its original comedy coming a financial-services player. latest fights with book publishers, and beaten town online grocer FreshDirect. The Seattle Transparent, and scored exclusive streaming Mr. Bezos may just be one of New York’s up on Wall Street for continuing to lose based e-tailer has also pushed Macy’s and deals for shows from HBO and CBS. most important chief executives, even if he money, Jeff Bezos may still be on track to take Bloomingdale’s into experimenting with It’s also putting the moves on apparel as it happens to live in Seattle. over the world. At least he is conquering New same-day delivery, and has pressured Barnes beefs up its Amazon Fashion site, with the Ms.
    [Show full text]