To address the ongoing need for affordable housing in New York, Governor Hochul and the state legislature have passed additional incentives to spur affordable housing development....more
Welcome to the first edition of The Leisure Law Insider, brought to you by Akerman's Chambers ranked Hospitality Sector Team! It will be released quarterly, covering the latest news and developments in leisure and hospitality...more
On June 14th, 2022, New York City Mayor Eric Adams released his much-anticipated housing plan entitled “Housing Our Neighbors: A Blueprint for Housing and Homelessness.” In his announcement, Mayor Adams outlined his...more
10/11/2022
/ Affordable Housing ,
Critical Infrastructure Sectors ,
Homeless Issues ,
Housing Market ,
Local Ordinance ,
Low-Income Issues ,
New York ,
Public Housing Authorities ,
Real Estate Development ,
Regulatory Reform ,
Regulatory Standards ,
Urban Planning & Development
As many in the New York Real Estate community are aware, Section 421-a (16) of the New York Real Property Tax law (“421-a”), was not re-enacted by the State Legislature. Projects that were eligible for a tax exemption under...more
At the end of 2020, The Department of Housing Preservation and Development (HPD) announced that they will be rescinding the Privately Financed Affordable Senior Housing (PFASH) Term Sheet originally issued on July 18, 2019,...more
At the end of 2020, The Department of Housing Preservation and Development (HPD) announced that they will be rescinding the Privately Financed Affordable Senior Housing (PFASH) Term Sheet originally issued on July 18, 2019,...more