Building and Realty Institute (BRI) Lawsuit Challenges N.Y. State’s Housing Stability & Tenant Protection Act (HSTPA)
WHITE PLAINS – The Building and Realty Institute (BRI) of Westchester and Putnam Counties, Inc. announces the filing of a lawsuit against New York State’s recently-enacted Housing Stability and Tenant Protection Act (HSTPA). The BRI, the Apartment Owners Advisory Council (AOAC) and several multifamily property […]
BRI Member Survey
The BRI would like to hear what you have to say about our organization. We respectfully request that you print, fill out and email the survey to either: Info@buildersinstitute.org or jeff@buildersinstitute.org. You can always mail it to: The Builders Institute, 80 Business Park Drive, Suite […]
Happy Holidays from the BRI
The BRI Staff would like to thank all of our members for your support in 2019.
NY State Rent Law Revisions Slams Landlords
The following is an analysis of the main provisions of the HSTPAÂ by attorneys with Finger and Finger, A Professional Corporation. Finger and Finger, is Chief Counsel to The Builders Institute (BI)/Building and Realty Institute (BRI) 1. A significant change is the fact that […]
Builder Confidence “Holds Firm” According to NAHB Report
Current Market Conditions Component rose two points from the previous quarter to 55 according to a recent NAHB report. âť– Major Additions and Alterations increased four points to 53; âť– Minor Additions and Alterations and the Home Maintenance and Repair Components both held steady at […]
The Westchester County Rent Guidelines Board Approves Increases of 1.75% & 2.75%
The Westchester County Rent Guidelines Board recently decided on guideline increases for renewal leases affected by The Emergency Tenant Protection Act (ETPA). Owners and Managers of ETPA properties are mandated by the board to issue a 1.75 percent increase for a One-Year Lease Renewal. For […]
Our Annual Golf Outing is on Tuesday, Sept. 24th
Click below link to Sign Up & Pay with credit card https://buildersinstitute.org/golf/ Click the link for the Registration Form if paying by check 2019 Golf Registration Form
2019 New Rent Laws Summary
To read the summary of the 2019 New Rent Laws, please click this link: https://www.buildersinstitute.org/wp-content/uploads/2019/06/AOAC-RSA-SUMMARY-ON-2019-NEW-RENT-LAWS.pdfÂ
New Rent Guidelines Announced
*Guidelines for Renewal Leases between October 1, 2019 and September 30, 2020* 1-Year Lease Term: 1.75% 2-Year Lease Term: 2.75% No discussion was held by the board related to Guideline increases where the Owner does not provide heat or hot water. We will update you […]
Renewal of NY State Rent Regulations- Not Fair To Landlords
Under the new legislature, with the 2019 renewal, look for the (IAI) Individual Apartment Increase to be lost or limited, as well as the loss of limitation of building wide Major Capital Improvement (MCI) Increases. Read more in the February/March issue of Impact  https://www.buildersinstitute.org/wp-content/uploads/2019/03/Impact_FEBMAR_20190325.pdf
Lower Interest Rates Stabilize Builder Confidence
Due to falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read more in the February/March issue of Impact  https://www.buildersinstitute.org/wp-content/uploads/2019/03/Impact_FEBMAR_20190325.pdf
Supply-Side Headwinds Limiting Single Family Gains in 2019
While speaking at the NAHB Home Show in Las Vegas, Chief Economist Robert Dietz stressed that a chronic lack of construction workers, shortage of buildable lots, onerous regulations, tariffs on lumber and other key building materials as well as a slow growth in acquisition, development and […]