New York Gov. Kathy Hochul recently signed into law the Affordable Housing Retention Act (AHRA), which for the next four years enables condo conversions of specific buildings in New York City with a presale requirement for...more
5/21/2025
/ Affordable Housing ,
Apartments ,
Condominiums ,
Conversion Requirements ,
Housing Market ,
Landlords ,
New Legislation ,
Nonprofits ,
Real Estate Transactions ,
Rent ,
Rent Control ,
Residential Property Owners ,
Residential Real Estate Market ,
Tenants
New York state has enacted changes in the housing laws that will have a significant impact on the development and operation of multifamily housing in New York City and the state, and will also ameliorate the effects of...more
4/24/2024
/ Affordable Housing ,
Construction Project ,
Density Bonus ,
Eviction ,
Housing Developers ,
Housing Market ,
Landlords ,
Multi-Family Development ,
New Legislation ,
Real Estate Development ,
Rent ,
Rental Property ,
Residential Property Owners ,
Tax Incentives ,
Tenants ,
Urban Planning & Development ,
Wage and Hour
In response to a ruling request from Holland & Knight, the New York City Department of Finance (DOF) issued a ruling (FLP-22-5024) holding that a homeless shelter owned and operated by a not-for-profit (NFP) entity is...more
Former New York City Mayor Bill de Blasio's Advisory Commission on Property Tax Reform (the Commission) issued a report on Dec. 28, 2021, titled "The Road to Reform: A Blueprint for Modernizing and Simplifying New York City's...more
1/18/2022
/ Advisory Committee ,
Fair Market Value ,
Homestead Exemption ,
Homesteads ,
Mayor de Blasio ,
Municipalities ,
Property Owners ,
Property Tax ,
Property Valuation ,
Residential Property Owners ,
Residential Real Estate Market ,
Tax Assessment ,
Tax Reform