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Low Income Housing State Budgets Affordable Housing

Cozen O'Connor

Broad Street Brief: City Council Approves FY25 City Budget

Cozen O'Connor on

In the early hours of Thursday, June 6, Philadelphia City Council advanced Mayor Cherelle Parker’s proposed $6.37 billion FY25 Budget. The budget prioritizes public safety and quality-of-life improvement without raising...more

Partridge Snow & Hahn LLP

Rhode Island’s Fiscal Year 2024 Budget Creates New State Low-Income Housing Tax Credit Program

On June 16, 2023, Governor McKee signed the Rhode Island fiscal year 2024 budget that was passed by the General Assembly. The budget includes a new statewide Low-Income Housing Tax Credit (“LIHTC”) program to foster the...more

Kramer Levin Naftalis & Frankel LLP

New 421-a Legislation

The recently adopted state budget bill included the long-awaited revisions to the 421-a program. These amendments to the Real Property Law, dubbed the “Affordable New York Housing Program,” provide partial exemptions from...more

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