With landmark housing policy changes and tax incentives for developers in 2024, we forecast a positive outlook for investment in New York City real estate in 2025. NYC Development 2025: The beginning of the next boom?...more
New York City initiative to encourage development and help alleviate the city’s housing crisis through sweeping zoning changes inches closer to approval with latest vote. Key modifications focus on parking mandates and...more
We have previously written about proposed changes to zoning regulations in New York City that are intended to spur the production of affordable housing; these changes are officially known as the "City of Yes for Housing...more
We consider how legislative reform, tax incentives, relaxing zoning restrictions and repurposing to mixed use are all being deployed.
Affordable housing in the U.S. - how do we solve the problem? In the United States,...more
One of the many benefits of being in a truly global law firm, is being able to explore the experiences of counterparts around the world – which are often so similar, yet so very different – to help inspire and inform what we...more
On April 3, 2024, Hogan Lovells hosted a reception in its New York Office to discuss the future of New York City with the man who shaped it, Dan Doctoroff. Doctoroff has held numerous senior positions in the tech and finance...more
The Adams’ administration recently unveiled its third and final proposal as part of New York City’s “City of Yes” initiative to aid small businesses, create jobs, expand affordable housing opportunities, and promote...more
New York City is saying “yes” to zoning reform. In June 2022, Mayor Eric Adams and Director of City Planning (DCP) Dan Garodnick announced the “City of Yes” initiative to revamp New York’s zoning framework in an effort to aid...more