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New York Housing Developers Affordable Housing

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 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

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

Harris Beach PLLC

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

Harris Beach PLLC on

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

Harris Beach PLLC

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

Harris Beach PLLC on

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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