Expanding the prevailing wage law for building service employees at city development projects.

A Local Law to amend the administrative code of the city of New York, in relation to expanding the prevailing wage law for building service employees at city development projects

Local Law 27 of 2012 (the “Prevailing Wage Law”) requires payment of prevailing wages to building service employees in buildings where a private developer receives at least $1,000,000 in discretionary financial assistance from the City or a City economic development entity for a City development project. The proposed bill would cover additional developers and projects by removing the current exemption in the Prevailing Wage Law for affordable housing projects and not-for-profit developers of residential projects. Accordingly, building service workers in most residential projects receiving financial assistance of at least $1,000,000 for new construction or preservation would be required to be paid the prevailing wage. The bill exempts smaller residential projects with fewer than 120 units, certain supportive housing projects, deeply affordable preservation projects and NYCHA projects financed through the federal Rental Assistance Demonstration program.