News & Analysis as of

Housing Developers New York

Kramer Levin Naftalis & Frankel LLP

Litigation To Invalidate ‘City of Yes’ Zoning for Housing Opportunity Initiated

A group of seven New York City Council members announced this morning that they, together with other elected officials, civic organizations and individuals, were initiating litigation to challenge the validity of the whole of...more

Cozen O'Connor

Jamaica Rezoning Plan to Enable New Housing and Jobs Enters Public Review [Alert]

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On March 20, 2025, the New York City Planning Commission (CPC) certified the city-led Jamaica Neighborhood Plan into public review. The plan would facilitate the creation of 12,000 new residential units, including...more

Cole Schotz

Fair Chance for Housing Act: What NYC Housing Providers Need to Know

Cole Schotz on

Effective January 1, 2025, New York City’s Fair Chance for Housing Act became law. The Fair Chance for Housing Act is designed to eliminate barriers for individuals with criminal conviction histories seeking housing. The...more

Cozen O'Connor

Midtown South Mixed-Use Rezoning Plan Enters Public Review

Cozen O'Connor on

On January 21, 2025, the New York City Planning Commission (CPC) certified the city-led Midtown South Mixed-Use (MSMX) Plan into public review. The MSMX Plan is the first piece of the Adams administration’s “Manhattan Plan,”...more

Cole Schotz

New York City Council Approves Final City of Yes Housing Opportunity Element

Cole Schotz on

New York City has taken what it intends to be a significant step toward addressing its housing crisis with the City Council’s December 5, 2024, approval of the third, and final, element of Mayor Adams’ City of Yes housing and...more

Cozen O'Connor

“City of Yes for Housing Opportunity” Approved by the City Council

Cozen O'Connor on

On December 5, 2024, the New York City Council approved with modifications the NYC Department of City Planning’s (DCP) City of Yes for Housing Opportunity, the third and final of Mayor Adams’ City of Yes initiatives. The new...more

Akerman LLP

Green Fast Track for Housing Regulations Seek to Expedite Housing Development in New York

Akerman LLP on

New York City recently amended the City Environmental Quality Review (CEQR) regulations to exempt small residential developments from environmental review. The regulations, called "Green Fast Track for Housing," seek to...more

Cozen O'Connor

Adams Administration Releases Draft Strategies for Long Island City Neighborhood Plan

Cozen O'Connor on

On June 24, 2024, the Adams administration, through the NYC Department of City Planning (DCP), unveiled Draft Strategies, including a zoning proposal, that could lead to the development of more than 14,000 homes, more...more

Cozen O'Connor

Green Fast Track for Housing is Now in Effect

Cozen O'Connor on

Mayor Eric Adams’ “Green Fast Track for Housing” initiative went into effect June 3, 2024, with the aim of shortening the lengthy environmental review process for certain residential developments reviewed by the City Planning...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 4 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 3 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 1 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Akerman LLP

New York’s 421-a (16) Program Extension

Akerman LLP on

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

Kramer Levin Naftalis & Frankel LLP

New State and City Efforts To Encourage Housing Development

On April 23, 2024, the New York State Legislature passed a number of significant measures intended to increase housing production, particularly in New York City. The new measures, which are discussed below, include a new tax...more

Cozen O'Connor

Mayor’s Proposal to Expedite Environmental Review for Certain Housing Scheduled for Public Hearings

Cozen O'Connor on

Building on its “Get Stuff Built” plan, Mayor Eric Adams’ administration has proposed amendments to the Rules of the City of New York that would remove layers of environmental review for certain residential developments. The...more

Cozen O'Connor

New York Note – DOC Commissioner, Green Fast Track, Council Hearing on November Plan

Cozen O'Connor on

Mayor Adams announced Lynelle Maginley-Liddie as the new Commissioner of the NYC Department of Correction (DOC). Maginley-Liddie currently serves as First Deputy Commissioner and Chief Diversity Officer of DOC, and will...more

Cozen O'Connor

New York Note – Executive Director for Housing, City Legislation, Top Lobbyists

Cozen O'Connor on

Mayor Adams announced the appointment of Leila Bozorg as the City’s new Executive Director for Housing. Bozorg will report to Deputy Mayor Maria Torres-Springer as part of an expanded housing, economic development, and...more

Harris Beach Murtha PLLC

New York Gov. Hochul Announces Aggressive, Statewide New Housing Strategy

On Tuesday January 10, 2023, New York Governor Kathy Hochul announced an ambitious, strategic plan to address New York’s statewide housing shortage. The proposal, called the New York Housing Compact (“Housing Compact”),...more

Cozen O'Connor

New York Note: Agency Vacancy Reduction, City Legislation, Commission on Gender Equity

Cozen O'Connor on

NYC Agencies Asked to Reduce Vacancies by Half- Last Monday, Office of Management and Budget Director Jacques Jiha sent a memo to heads of NYC agencies asking them to continue mining their budgets for efficiencies and...more

Harris Beach Murtha PLLC

Expiration of Tax Exemption Creates Uncertainties for Affordable Housing Construction in New York City

The 421-a tax exemption and rent stabilization program, also known as the affordable housing tax break, which affords real estate developers a tax break in developing affordable housing in New York City, has expired as of...more

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