News & Analysis as of

Affordable Housing Housing Developers Tax Incentives

Mandelbaum Barrett PC

New Jersey Introduces Accelerated Depreciation for Affordable Housing

Mandelbaum Barrett PC on

In a bid to incentivize the development of affordable housing, New Jersey has implemented a significant policy change. Effective from the tax year beginning on January 1, 2025, the state now offers accelerated depreciation...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

K&L Gates LLP

Build-to-Rent - Australian Income Tax Concessions: Foundations Laid, but Potential Cracks and Missing Features May Yet Plague a...

K&L Gates LLP on

The Australian government has, nearly 12 months after announcing them, released draft legislation to implement two key income tax incentives for build-to-rent (BTR) projects: Extending the 15% withholding tax for foreign...more

Holland & Knight LLP

New Programs Designed to Assist Production of Housing in New York City

Holland & Knight LLP on

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

Holland & Knight LLP

Changes to New York's Housing Laws: What You Need to Know

Holland & Knight LLP on

New York state has enacted changes in the housing laws that will have a significant impact on the development and operation of multifamily housing in New York City and the state, and will also ameliorate the effects of...more

Williams Mullen

Meet the Affordable Housing Performance Grant - the City of Richmond’s Newest Affordable Housing Development Incentive

Williams Mullen on

The “toolbox” of incentives for increasing the supply of affordable housing in the City of Richmond now features a new tool that is attracting considerable attention from both for-profit and non-profit developers. This tool...more

Farella Braun + Martel LLP

Attorney General Finds Impact Fees on Density Bonus Projects Invalid

In response to questions from a variety of cities across the state regarding the application of “public benefit fees” to density bonus projects, the State Attorney General’s Office published an opinion on April 9 clarifying...more

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