LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
New York City Mayor Eric Adams announced recently that Deputy Mayor Maria Torres Springer will serve in a newly expanded role as deputy mayor for housing, economic development and workforce.
In her expanded role, Deputy Mayor Torres-Springer will drive the city’s efforts to preserve and improve the New York City Housing Authority, move New Yorkers experiencing homelessness into stable housing, and advance Mayor Adams’ goal of creating 500,000 new homes for New Yorkers over the next decade.
Since January 2022, Deputy Mayor Torres-Springer has helped lead the Adams administration’s work to accelerate the creation of much-needed housing in her oversight of the New York City Department of City Planning and the New York City Economic Development Corporation. She was one of the chief architects of Mayor Adams’ “Get Stuff Built” plan to speed up housing construction as a co-chair of the Building and Land Use Approval Streamlining Task Force; the “City of Yes” citywide zoning text amendments to support small businesses, create new housing, and promote sustainability; the transformation of Willets Point with 2,500 affordable homes; and the administration’s community planning efforts in the East Bronx, Central Brooklyn, the North Shore of Staten Island, Midtown South, and Jamaica. Read the full announcement by Mayor Adams.
“In a year and a half with this administration and throughout her career in public service, Deputy Mayor Torres-Springer has shown clearly that she is ready to take bold action to tackle the city’s affordable housing crisis,” said Mayor Adams. “She has a proven record of creating affordable housing and economic opportunity for New Yorkers, and her leadership of our economic recovery efforts has delivered real results. She is the right person at the right time to create and preserve the safe, high-quality, affordable housing New Yorkers so desperately need, and I congratulate her on this expanded role that will allow her to serve even more New Yorkers.”
“Having grown up in Section 8 housing, I know firsthand that safe and affordable housing is about more than mere brick and mortar — it’s about creating opportunity and improving lives,” said Deputy Mayor Maria Torres-Springer. “Under Mayor Adams’ leadership, we came in with a bold agenda to change the paradigm for how we grow equitably as a city. I am incredibly humbled to further serve New Yorkers as we strive to provide stable housing for our neighbors, protect our existing affordable and public housing, and identify new ways to make housing affordable for all New Yorkers at this critical moment in our city’s history. I want to thank Jessica Katz for her tireless efforts and Mayor Adams for entrusting me to carry this critical work forward.”
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