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February 26, 2010
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Real Estate News

 

Buildings Commissioner Elevated to Fellowship Status in the American Institute of Architects

The American Institute of Architects (AIA) recently announced that New York City Department of Buildings Commissioner, Patricia J. Lancaster, FAIA, has been elected to the College of Fellows. The AIA selects architects for elevation to fellowship because of their notable contributions to the advancement of architecture. Of the approximate 70,000 national members of the AIA, less than 2,500 (3.5%) have been elected to the fellowship.

Appointed as the Commissioner for the New York City Department of Buildings by Mayor Michael R. Bloomberg in April 2002, Ms. Lancaster is the Chief Administrator for the Department that regulates the safety of the more than 900,000 buildings and properties in New York City. The Department is responsible for issuing over 87,000 building permits and performing 350,000 inspections per year. The Commissioner is also responsible for implementing the first strategic plan in the history of the Department and adopting a new building code for the City. She has also been the driving force behind making the Department more transparent to the public by putting the Building Information System on the web where it is now receiving 200,000 page hits daily.

Commissioner Lancaster said, "It's a great honor to be recognized by my peers for my contributions to the public sector. Through continuous collaboration with the AIA and the Department of Buildings, I hope we can make New York City a better place to live, work and build."

Commissioner Lancaster received her Masters Degree in Architecture from the University of Washington at Seattle. She remains active in the field of education, serving on the faculty of the Real Estate Institute at New York University. In 2003, she was named "Mentor of the Year (Public Sector)" by ACE, the mentoring program for students interested in architecture, construction and engineering. She was also given the Founders' Award by the Salvadori Educational Center in Harlem. Commissioner Lancaster is also a Fellow at the New York Academy of Medicine and a Fellow at the Urban Institute for Design.

In 2003, Ms. Lancaster was given the Industry Honor Award (public category) by the Society of Marketing Professionals, Inc., and she also received the Association of Real Estate Women's "Outstanding Achievement Award" at AREW's 25th Anniversary Gala. In November 2003, the Commissioner was also named "Woman of the Year" by the Associated Builders and Owners. In 2000, Real Estate Weekly named her one of the top 100 Women in Real Estate, and in 1996 the group Professional Women in Construction named her Woman of the Year.

In addition to being a registered architect, Ms. Lancaster is also a licensed real estate broker. Her other achievements include the 2001 publication of her book, Construction in Cities: Social, Environmental, Political and Economic Concerns.

 

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Did You Know?    
 
 
Property easement is a right to use some part of a property for a specific purpose
An express easement may be contained in the deed to the property or in another document. Some examples include: A utility company can run power lines on a property,Adjacent property owners may enter into an agreement to share a common driveway that extends over both properties. An implied easement or prescriptive easement may arise when a use of property continues for a certain period of time.

 


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Real Estate Terms

 


Today's Terms

Debt-to-income ratio

Definition:
A comparison of gross income to housing and non-housing expenses; With the FHA, the-monthly mortgage payment should be no more than 29% of monthly gross income (before taxes) and the mortgage payment combined with non-housing debts should not exceed 41% of income.

FHA

Definition:
Federal Housing Administration; established in 1934 to advance homeownership opportunities for all Americans; assists homebuyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults; this encourages lenders to make loans to borrowers who might not qualify for conventional mortgages.

30-Day Notice

Definition:
This is a notice that may be given to a person who will be required to move a residence, business or personal property as a result of your agency's project.

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