Membership Meeting & Speed Networking - CANCELED

March Meeting Canceled

Please be advised that, amid concerns over the coronavirus, the HVBRA Board has decided to cancel our March Meeting that was set to take place on Thursday, March 24th. 

We truly appreciate the support of our members and we hope to see you at our next event in June!


Date: Tuesday, March 24, 2020

Time: 6:00 - 8:00 PM --- Speed Networking 6:00 - 6:30 PM | Meeting 6:30 - 8:00 PM

Location: Courtyard Middletown (24 Crystal Run Crossing, Middletown, NY 10941)

Cost: $45/person

Download the Meeting Flyer!


Meeting Presentation: Legislative Updates

Join us for legislative updates and information about new regulations that will affect your company! Presented by Lew Dubuque, Executive Vice President, NYSBA

TOPICS INCLUDE:

  • Prevailing Wage Expansion

    The Governor’s 2020 State Budget proposal includes  language  that would apply prevailing wage laws to many residential construction and improvement projects which were previously not within the definition of public work. Public work is defined to include paid for in whole or in part out of public funds.

    The budget language defines public work so broadly as to encompass construction of private residential buildings, which are assisted only indirectly by government. No sound public policy reason has been put forward to justify the extension of prevailing wages to private residential construction. This bill bootstraps minimum subsidies for affordable housing as the justification to require the wage regimen and administrative requirements applied to public works.

    Construction costs are not just important, but are the determining factor between whether or not a particular affordable workforce home is built or rental unit rehabilitated. 

    The imposition of prevailing wage rules on such activities will impose crippling cost burdens and difficult administrative procedures and expose small contractors and homebuilders to aspects of contracting practices encountered in large public works projects.   Increasing labor costs simply lowers these ceilings and effectively negates subsidies with the net result that there would be no affordable workforce housing in the state.

  • Wetlands Overregulation 

    Governor Cuomo’s budget also includes language that  would extend the New York State Department of Environmental Conservation’s authority for regulation of freshwater wetlands from 12.4 acres to 1 acre. This measure also changes the DEC freshwater wetlands map from a basis for regulation to an educational only function.

    NYSBA believes that this action is a direct result of President Trump’s recent actions limiting the impact of the Obama era Waters of the United States (WOTUS) Rule.

    There is not sufficient justification for the expansion of DEC’s regulatory power with respect to freshwater wetlands. DEC under existing law has the authority to regulate freshwater wetlands less than 12.4 acres which are determined to be of unusual local importance. In addition the U.S. Army Corps of Engineers has jurisdiction under the Clean Water Act Section 404 that requires a permit for the discharge of dredged or fill material into the waters of the United States. This program does not have an acreage limit.

    Despite DEC’s claims, they do not have sufficient personnel or financial resources to effectively implement the regulation of wetlands under 12.4 acres. To enact this program change as proposed would effectively stifle commercial and residential development projects throughout New York State because wetlands permits and delineations would be bottled up at DEC because of lack of workforce to process such activities. This legislative action would effectively place most residential development on hold.

    Further, the application of the 100 foot buffer zone to projects under 12.4 acres would significantly expand the area which would not be subject to development. For every one acre sized wetland that would be regulated by DEC, there would be a minimum of approximately 3 to 4 acres of total land regulated due to the 100 foot buffer zone. The shape of the 1 acre parcel could result in even a larger buffer zone. This expansion would limit not only new development, but also would impact redevelopment. If the amount of developable land is reduced, the cost for land which is developable will increase with negative consequences for affordable housing.

  • Condo Tax Equalization

    Finally, Governor Cuomo also included language in the budget that would permit municipalities to opt out of the current assessment methodology applied to condominium and cooperative units located outside the City of New York and Nassau County. While we believe the intent here was to give municipalities the ability to raise revenue, we believe it is short-sighted and will have a catastrophic impact on the residential construction industry.

    Under existing law there is a limitation placed on the assessment of condos and co-ops so that the aggregate assessment of the units would not exceed the total valuation of the property if it were assessed as one parcel. This assessment methodology was enacted to reflect the fact that co-ops and condos do not require the same level of governmental service as residential subdivisions.

    This budget language would result in significant tax increases for residents of newly constructed condos and co-ops and for rental properties which are converted to co-ops and condos. This is a significant policy reversal with steep tax increases for newly constructed co-ops and condos as a consequence. This tax change would negatively impact the marketability of co-ops and condos and creates a significant disincentive to this type of ownership or conversion of rental property to this type of ownership.

    This budget language engenders questionable public policy by allowing municipalities and school districts to opt in and out of a statewide real property tax program without any justification. This would result in a different tax structure for different projects, developers and coop/condo owners depending on whether the municipality choose to option in or out during a particular tax year.


Speed Networking:

We are excited to introduce a Speed Networking component into our membership meetings! Speed Networking will take place prior to the meeting. This is a great opportunity to meet other industry pros in a one on one setting! All you need is your networking tools - business cards and your best elevator pitch! Ultimately, the goal is to cultivate new business contacts and have fun!

Note: Due to the nature of this event, we ask that you please register by March 17th so that we can have an accurate number of attendees. If you have registered, but are unable to attend, please contact the association office.