Posts tagged Bronx Supreme Court
NEW YORK; Union authorizes strike if contract reopened
April 2, 2024 // But Billy Schur, the president of the Bronx Realty Advisory Board, says the union is not considering the whole picture. “Last night’s vote by 32BJ fails to address the fundamental fact that rising expenses in the real estate industry, coupled with the devastating effects of the 2019 Housing Stability Tenant Protection Act have created an unsustainable downward spiral for Bronx property owners,” he said, in a statement. “Building service workers along with residents of the Bronx must join with property owners to call for action and the pursuit of alternatives that will protect housing affordability while allowing for the survival of Bronx buildings.” Schur said the combination of “draconian regulations” as well as a complete collapse of the Bronx housing courts, have created an environment where expenses have surpassed revenue, and where most Bronx rental properties are headed toward financial collapse. “We hope the union will work alongside property owners instead of encouraging grandstanding as the Bronx begins to burn,” Schur said.