The Traderszone Network

Published in TZ Latest News 5 December, 2016 by The TZ Newswire Staff

Council likely to pass bill clamping down on deed restriction changes

Mayors will be required to personally approve changes or removals to city-imposed deed restrictions, under a new bill expected to pass the New York City Council on Tuesday. Under the proposed law, any changes to a deed restriction on a property will be reviewed by the Citywide Administrative Services, which will be required to run a land-use study with the Department of City Planning, consult local officials and hold a public hearing.

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