421-a
A new study on the 421a tax program suggests that affordable housing could suffer a substantial blow in at least certain sections of the city, should developers
In a quiet move, Mayor Bill de Blasio’s office has added a new requirement to the 421a tax abatement program that now requires developers to set aside
Governor Andrew Cuomo and Mayor Bill de Blasio haven’t agreed on a lot of things recently. They’ve sparred on issues involving income inequality
The state is going after nearly 200 New York City landlords who violated state law by accepting lucrative tax breaks then failing to provide the required
Governor Cuomo last week offered up a wage subsidy program for developers and union officials in an effort to revive the expired 421-a tax abatement program
Two weeks after the expiration of the 421-a tax program, the effects of its demise are starting to be felt, and developers claim that it has put the squeeze
By Daniel M. Bernstein, Venable LLP Residential developers operating in New York City today face a series of questions about whether their projects can
By James P. Power, Partner, and Patrick Sullivan, Special Counsel for Kramer Levin Many of our clients have asked us how they can avail themselves of the
Despite a recent display of flexibility in regards to 421-a guidelines, the cityʼs affordable housing logjam seems no closer to a resolution.
By REBNY President John Banks The US Census Bureau announced last week that New York City’s population has grown to its largest size in recorded history
With the New York State Legislature grappling with a debilitating impasse, crucial laws like the 421-a tax abatement program and rent regulation have expired
