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
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