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
The recently adopted City of Yes for Housing Opportunity (COYHO) text amendment effected a sweeping overhaul of the city’s zoning regulations, as discussed in our recent client alert. Last week’s client alert discussed...more
Gov. Kathy Hochul this week released a proposed revision to the 421-a “Affordable New York” program, in connection with her FY2023 Executive Budget proposal. The new program would be known as the “Affordable Neighborhoods for...more
The New York City Council on June 17 approved legislation that would mandate a “racial equity report” in connection with many rezonings, special permits and other land use applications submitted on or after June 1, 2022. ...more
Many of our clients have asked us how they can avail themselves of the state’s revamped 421-a tax exemption program — the Affordable New York Housing Program — on a project that is also subject to the city’s Mandatory...more
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