State Comptroller Thomas P. DiNapoli's Weekly News - Best Wishes for a Happy New Year

Best Wishes for a Happy New Year

As we ring in a new year, I wish you and your family all the best in 2025. A new year is a time to reflect on the past and hope for a brighter future in the coming days ahead. Have a happy and safe new year! 

Queens Woman Pays Full Restitution for Theft of Pension Payments

A 38-year-old Queens woman was sentenced to five years' probation and paid full restitution after being convicted of stealing nearly $85,000 in New York State pension payments meant for her deceased father, State Comptroller DiNapoli announced. The defendant pleaded guilty to felony grand larceny in June.

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MTA Needs to Do More to Increase Procurement Efficiencies and Save Money

The Metropolitan Transportation Authority has not done enough to consolidate its procurements across its agencies to save money as was expected under its Transformation Plan, according to an audit released by State Comptroller DiNapoli.

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Municipal & School Audits

• Gowanda Central School District
• Orleans County
• Chenango County Industrial Development Agency
• Town of Hector
• Wayland-Cohocton Central School District
• Town of Castile

ALSO IN THE NEWS THIS WEEK

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• MTA not saving enough on purchasing, audit finds

• Investors Eye Proxy Efforts on Climate, AI, Diversity in 2025

• New Yorkers urged to check for share of $19 billion unclaimed funds
  
  
• Whopping 64M visitors flocked to NYC in 2024 as Big Apple tourism set to make ‘full recovery’ from COVID by next year

Post of the Week

@NYSComptroller

Housing Lottery Launches for 265 Logan Street in Cypress Hills, Brooklyn

 

The affordable housing lottery has launched for 265 Logan Street, a 13-story affordable housing building in Cypress Hills, Brooklyn. Designed by MHG Architects and developed in collaboration by The Hudson Companies, The Jericho Project, and HELP US, the structure yields 174 residences. Available on NYC Housing Connect are 68 units for residents at 40 to 70 percent of the area median income (AMI), ranging in eligible income from $36,720 to $134,820.

Amenities include bike storage lockers, a shared laundry room, gym, recreation room, elevator, and outdoor areas. Units are equipped with energy-efficient appliances, air conditioning, and high-speed internet. Tenants are responsible for electric including stove. Heating, cooling, and hot water are included in the rent.

At 40 percent of the AMI, there are four one-bedrooms with a monthly rent of $994 for incomes ranging from $36,720 to $55,920; seven two-bedrooms with a monthly rent of $1,185 for incomes ranging from $44,092 to $67,080; and three three-bedrooms with a monthly rent of $1,359 for incomes ranging from $50,846 to $77,040.

At 50 percent of the AMI, there are two one-bedroom with a monthly rent of $1,285 for incomes ranging from $46,698 to $69,900; four two-bedrooms with a monthly rent of $1,534 for incomes ranging from $56,058 to $83,850; and three three-bedrooms with a monthly rent of $1,763 for incomes ranging from $64,698 to $96,300.

At 60 percent of the AMI, there are six one-bedrooms with a monthly rent of $1,577 for incomes ranging from $56,709 to $83,880; 11 two-bedrooms with a monthly rent of $1,884 for incomes ranging from $68,058 to $100,620; and six three-bedrooms with a monthly rent of $2,167 for incomes ranging from $78,549 to $115,560.

At 70 percent of the AMI, there are six one-bedrooms with a monthly rent of $1,868 for incomes ranging from $66,686 to $97,860; 11 two-bedrooms with a monthly rent of $2,233 for incomes ranging from $80,023 to $117,390; and five three-bedrooms with a monthly rent of $2,571 for incomes ranging from $92,400 to $134,820.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than February 10, 2025.

Permits Filed for 3180 Villa Avenue in Bedford Park, The Bronx

 

Permits have been filed for an eight-story residential building at 3180 Villa Avenue in Bedford Park, The Bronx. Located between East 205th Street and Van Cortlandt Avenue East, the lot is near the Mosholu Parkway subway station, served by the 4 train. A.L. Lowy is listed as the owner behind the applications.

The proposed 75-foot-tall development will yield 17,283 square feet designated for residential space. The building will have 27 residences, most likely rentals based on the average unit scope of 640 square feet. The masonry-based structure will also have a 35-foot-long rear yard but no accessory parking.

Nikolai Katz Architect is listed as the architect of record.

Demolition permits have not been filed yet. An estimated completion date has not been announced.