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NYC Council to Vote on Veterans Housing Bills

New York City lawmakers are preparing to consider three measures intended to address financial pressures, housing access and service gaps affecting military veterans. The City Council's November 12 vote will include a proposal to eliminate property taxes on qualifying homes owned by veterans with permanent, total service-connected disabilities, potentially benefiting approximately 4,500 households. Another measure would increase oversight of veterans' access to Mitchell-Lama housing through annual reporting requirements. A third would establish a dedicated contact within the Department of Veterans' Services to assist LGBTQ+ veterans, including those seeking corrections to military discharge records. The proposals follow Veterans Day observances across the city.

NYC Selects Firms to Underwrite Municipal Bonds

New York City has chosen a new group of investment banks and financial firms to help manage future municipal bond offerings, which provide financing for government operations, infrastructure and other public investments. The appointments cover the city's general obligation bonds, Transitional Finance Authority securities and Municipal Water Finance Authority debt. Major Wall Street institutions will share underwriting responsibilities with smaller financial firms, including minority-, women- and service-disabled veteran-owned businesses. The city will rotate lead assignments across transactions and evaluate firms based on their performance and financing recommendations. The selection process also creates opportunities for emerging underwriters to gain experience handling larger public bond offerings.

NYC Mayor Signs COPA Affordable Housing Law

New York City is taking a new approach to protecting affordable housing by giving community-based organizations a greater role in the sale of certain apartment buildings. Mayor Zohran Mamdani has signed the Community Opportunity to Purchase Act (COPA), which creates a process for qualified nonprofits and community land trusts to compete for eligible properties before sales are finalized. The legislation could be particularly significant in neighborhoods facing rising housing costs and displacement pressures, where nonprofit ownership may help preserve long-term affordability. The law also establishes purchasing timelines and requires the Department of Housing Preservation and Development to develop procedures for implementing the program.

SUSHIRO to Open Times Square NYC Restaurant

Japanese restaurant operator FOOD & LIFE COMPANIES plans to open SUSHIRO Times Square on November 19, 2026, bringing its conveyor-belt sushi dining concept to Midtown Manhattan. Located at 667 Eighth Avenue, the new restaurant will span three levels, with 146 seats across its first and second floors and three private dining rooms on the basement level. The menu will feature more than 200 items, including sushi, side dishes, desserts and beverages. The company says the location will emphasize Japanese dining traditions, entertainment and affordable options as it introduces its restaurant experience to New York City customers.

Paul, Weiss Adds Caroline Hickey Zalka in NYC

Paul, Weiss, Rifkind, Wharton & Garrison LLP has added Caroline Hickey Zalka as a partner in its New York Litigation Department, expanding the firm's securities litigation and corporate advisory capabilities. Zalka represents public companies, boards, executives and private equity firms in shareholder class actions, merger disputes and complex commercial litigation. Her experience also includes corporate governance, regulatory matters and investment management disputes. Recognized by Forbes, Chambers USA and other legal publications, Zalka was named North America Securities Lawyer of the Year by Euromoney in 2026. Her appointment strengthens Paul, Weiss's ability to represent corporate clients facing significant legal and regulatory challenges.

NY AG Secures $2.35M in Carelon Settlements

New York Attorney General Letitia James announced two settlements with Carelon Behavioral Health following investigations into inaccurate mental health provider directories and improper denials of addiction treatment coverage. Carelon will pay $2.35 million in penalties, fees and costs, while providing up to $8 million in restitution to eligible members who paid for out-of-network mental health services. Additional reimbursements will address certain denied substance use treatments. Investigators found widespread provider directory inaccuracies, including unavailable psychiatrists, and identified instances of coverage decisions using unapproved standards. The settlements also require improved appointment access, updated provider listings and independent oversight of Carelon's compliance.