The adopted 2024-2025 budget for New York state includes the enactment of two programs intended to assist the production of housing in New York City: the Affordable Neighborhoods for New Yorkers Program (ANNYP) to replace the...more
According to recent media stories, New York City Mayor Bill de Blasio has announced that he is directing his Department of City Planning (DCP) to study expanding regulations prohibiting as-of-right development of hotels...more
A number of questions have arisen concerning the impact of the recently adopted Housing Stability and Tenant Protection Act of 2019 (HSTPA) on the Section 421-a Tax Exemption Program. HSTPA (Chapter 36 of the Laws of 2019)...more
7/9/2019
/ Affordable Housing ,
Construction Project ,
Landlords ,
Low Income Housing ,
Property Tax ,
Rent ,
Rent Control ,
Rent Stabilization Codes ,
Rental Property ,
Residential Real Estate Market ,
Tax Exemptions ,
Tenants
• New York City's City Planning Commission (CPC) is expected to officially propose in the next few weeks an amendment to the City's Zoning Resolution to require that most new hotels and motels in light manufacturing districts...more
4/13/2018
/ City Planning Departments ,
Grandfathering Rules ,
Hotels ,
Land Developers ,
Land Use Restrictions ,
Local Ordinance ,
Proposed Amendments ,
Residential Real Estate Market ,
Special Use Permit ,
Urban Planning & Development ,
Zoning Laws
The New York State Legislature has passed and Gov. Andrew Cuomo has signed legislation re-establishing the 421-a Tax Exemption Program after a nearly two-year hiatus. The program, which was first put in place in the early...more