Business

NYBG Enters Residential Housing Market, Five-Two’s Thoughts on Criminal Justice Reform: Check out the Latest Norwood News!

By DAVID CRUZ
Dear Fellow Readers, The year’s fourth edition of the Norwood News for 2020 is out with plenty of community stories to read and share. We’ve loaded up 24 pages full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on a long-awaited project announced by the New York Botanical Garden, which is now entering the residential housing market. The affordable housing residences, with one set aside exclusively to seniors, will soon pop up along Webster Avenue. The area had been rezoned in ten years, clearing the path for projects such as this.


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NYBG Enters Into Residential Development Market With Pending Pair of Buildings

NYBG Enters Into Residential Development Market With Pending Pair of Buildings
By DAVID CRUZ
The New York Botanical Garden (NYBG) is slated to construct two residential buildings totaling more than 400 units along a property it owns Webster Avenue in Bedford Park, advancing an interest in development that harkens back to nearly a decade when community advocates joined city leaders in rezoning Webster Avenue to welcome such development projects. Ahead of a Community Board 7 Housing/Land Use and Economic Development Committee meeting tonight, NYBG approached community stakeholders regarding the two projects—a senior home and an affordable housing development. It’s tapped Douglaston Development to spearhead the projects after entering into a 99-year lease. Financial details


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“Save Our City”: de Blasio Outlines Two-Year Agenda in State of the City Address

“Save Our City”: de Blasio Outlines Two-Year Agenda in State of the City Address
By HENRY MCEACHERN
Mayor Bill de Blasio delivered his State of the City address yesterday at the American Natural History Museum, framing his points that centered around the theme dubbed “save our city” in a town hall style format. That included promises to expand education, spur small business reform, and create greater affordability.  Under the enormous blue whale model inside the American Natural History Museum, de Blasio also focused on creating stronger bonds between the NYPD and young people. Last year, there was an increase in the number of youth-on-youth robberies, with 29 percent of those arrested falling under the age of eighteen,


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Financial Focus: The Path to a Bigger Tax Refund for 2021 (Part 5 of 7)

Neighborhood Notes: Free Immigration Service
By PROFESSOR ANTHONY RIVIECCIO, MBA PFA
Many people own a home or property that they rent out. People do it for many reasons, most notably for additional income, but is this non wage gross income taxable? Yes. Notice I said gross? Because, like a simple math problem, now that you’ve added up your income, now it’s time to subtract your income from your expenses, because your net income is what you are finally taxed on. Not your gross income. Figuring out gross income is pretty simple, right? If you own a home or property that you now decide to rent out then you have rental income.


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Multi-Service Group at the JGHBID Offers Tax Prep and Insurance to Fit Your Needs

Multi-Service Group at the JGHBID Offers Tax Prep and Insurance to Fit Your Needs
By JEROME GUN HILL BID
Klajd Gazulli opened Main Street Group Holdings LLC at 254 E. Gun Hill Rd. in January 2015. Originally from Albania, Gazulli came to New York in 1993 and settled in Queens. He has been in business in the Bronx for the past few years and just recently expanded to East Hanover, NJ. With a background in retail banking, Gazulli transitioned into the insurance business in 2006 and started tax preparation services in 2015. Main Street Group Holdings LLC offers a variety of services to local residents and business owners at affordable prices. “We offer the whole tax suite and the


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Neighborhood Notes: Financial Literacy Workshops

Neighborhood Notes: Free Immigration Service
Social Security Expanded Office Hrs. Social Security offices in the Bronx will be remain open to the public until 4 p.m. on Wednesdays. The nearest Social Security offices from Norwood is located at 2501 Grand Concourse. For more information, call (800) 772-1213.  Recreational Volleyball Join members of the NYPD, FDNY/EMS, and Community Board 6 every Saturday through April 4 from 10:30 a.m. to 5:30 p.m. at Aquinas High School, 685 E. 182nd St. (corner of Cambreleng Avenue and Grote Street). For more information or to register, call Rosie at (917) 569-7034, Victor at (917) 603-5600, or email mattersofsports@gmail. com. Comment


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The Push to Expand Right to Counsel, Diaz Jr. to Retire: Latest Edition of the Norwood News is Out!

The Push to Expand Right to Counsel, Diaz Jr. to Retire: Latest Edition of the Norwood News is Out!
By DAVID CRUZ
Dear Fellow Readers, The year’s third edition of the Norwood News for 2020 is out with plenty of community stories to read and share. We have packed 28 pages full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on a bill being championed by Councilman Andrew Cohen and housing advocacy groups that expands Right to Counsel. The act–which provides free legal counsel to those facing eviction–covers those considered extreme low income. New legislation looks to expand the income eligibility standards. Jose A. Giralt breaks it all down for us. Inside the


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Cohen Backs Bills to Expand Right to Counsel, Which Could Benefit Thousands

Cohen Backs Bills to Expand Right to Counsel, Which Could Benefit Thousands
By JOSE A. GIRALT
Bronx residents in fear of landlords’ common use of initiating eviction proceedings are waiting for two bills before the City Council to pass soon. And while few New York City Council members from the Bronx have committed to backing the bill, they have support from Norwood’s Councilman Andrew Cohen. The two bills—Intros 1529 and 1104—look to expand Right to Counsel not only geographically but also economically. The bills, signed into law in 2017, are collectively known as Right to Counsel (RTC). New York City was the first in the country to implement them. On Jan. 15, local residents joined housing


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Financial Focus: The Path to a Bigger Tax Refund for 2021 – Business & Self-Employment (Part 4 of 7)

Crime File: Who's Wanted In the Bronx?
By PROF. ANTHONY RIVIECCIO, MBA, PFA
If you have been keeping track of our income tax deduction series, you should have learned much already on our first two subjects: children and itemized deductions. Please go to our prior issues to look up these subject matter specifically, this issue will be special, geared toward the world of small business and self employment. Whether you own a storefront or provide goods or services in your home for other income, entrepreneurship, over the last 30 years, has helped to spur economic growth. And in the last two years, the federal government has lowered business tax rates, significantly even more,


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