Q&A
Council Member Hanif discusses proposal impact with NoHo SoHo Residents
1:07:52
·
145 sec
Council Member Shahana Hanif engages with NoHo SoHo Residents about specific aspects of the City of Yes proposal that affect their community. The residents express concerns about Section 1501 and its imposition of an arts fund fee on neighborhood residents.
- Residents agree with the City of Yes plan if it removes provisions in Section 1501 affecting SoHo NoHo residents
- The arts fund fee is tied to square footage and can range from $150,000 to $250,000 for typical artist lofts
- Over 8,000 families could be impacted by this fee
- Residents argue the fee is an additional burden, unrelated to property or transfer taxes, that they cannot afford
Shahana Hanif
1:07:52
And then for our NoHo SoHo Residence, are there parts of the proposal that you do agree with?
June Moses
1:08:02
Go ahead.
1:08:02
No.
Ronnie Wolf
1:08:07
So we agree with the city of yes plan if it rejects the provisions in section 1501 against the SoHo NoHo residents.
1:08:23
So we are looking for those provisions in 1501 to be removed.
1:08:30
They are the ones that that impose that arts fund fee on the residents of this neighborhood.
Shahana Hanif
1:08:41
Now do you know how much that fee would Yes.
1:08:44
Cost you over the 15 years?
Ronnie Wolf
1:08:46
Yes.
1:08:46
So It is tied to the square footage of our homes.
1:08:52
All of us, mostly of us, our artists, and so we live and work in our lofts.
1:09:00
This fee started off several years ago at a $100 per square foot.
1:09:06
It has escalated.
1:09:08
I don't know what the percentage is per year since it's been proposed, but each year it goes up.
Shahana Hanif
1:09:18
And so has there a calculation been made as to in this proposal what the cost would be
Talya Schwartz
1:09:24
real?
1:09:24
Yeah.
Jennifer Pettit
1:09:24
It depends on the square foot from my loft.
1:09:26
It would be a 150,000
Shahana Hanif
1:09:28
over 15 years or per year?
Jennifer Pettit
1:09:30
No.
1:09:31
No.
1:09:31
If I wanted to sell my apartment today, I would have to pay a $150,000 to an Arts Fund.
Ronnie Wolf
1:09:36
Prior to sale.
Shahana Hanif
1:09:38
Got it.
1:09:39
Thank you, Cher, and thank you.
Naomi Bushman
1:09:45
Dollars.
1:09:46
More typically, it would be $250,000 because artists lofts are big spaces.
Shahana Hanif
1:09:53
And, actually, since I have a few more seconds, how many residents or households would be impacted?
Jennifer Pettit
1:10:02
Over 8000 children.
Peter Miller
1:10:02
I think it's about 8000 families.
1:10:08
Most lofts are are 20 by a 100 feet, which means it's $200,000.
1:10:14
That's a base, and it would go up from which would
