News & Analysis as of

Affordable Housing Office Space Conversion

Allen Matkins

Recently Effective & Pending State Housing Laws - 2024 Land Use, Environmental & Natural Resources Update

Allen Matkins on

Various state housing bills are currently making their way through the State Legislature that are expected to benefit mixed-income multifamily housing developers. The following summaries reflect the status of the legislation...more

Allen Matkins

Sustainable Development and Land Use Update - 5.16.24

Allen Matkins on

Assembly Bill (AB) 3068 (Haney, Quirk-Silva, and Wicks) would provide for the streamlined ministerial (i.e., no CEQA) approval of qualifying adaptive reuse projects involving the conversion of an existing building to...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 2 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

Cozen O'Connor

Adams Administration Announces Three New Initiatives to Spur Office-to-Residential Conversions

Cozen O'Connor on

On August 17, 2023, Mayor Eric Adams and Chair of the New York City Planning Commission Dan Garodnick announced three initiatives to assist in creating much-needed housing. The proposals focus on easing the process for...more

Cozen O'Connor

D.C. Looking to Incentivize Office to Residential Conversions

Cozen O'Connor on

As office vacancies remain at record levels in D.C., and even leased buildings continue to remain largely empty thanks to COVID, the city is looking to find ways to incentivize conversion of older commercial buildings...more

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