News & Analysis as of

New York Legislative Agendas Affordable Housing

Cozen O'Connor

Charter Amendments May Change NYC Council's Role in Land Use and Housing

Cozen O'Connor on

On July 21, 2025, the New York City Charter Revision Commission (CRC) voted to include five proposed amendments to the City Charter on this year’s New York City general election ballot, including measures that would expedite...more

Cozen O'Connor

New York Note: First Debate Stage Set, Congestion Pricing to Remain, Council Passes Legislation

Cozen O'Connor on

Candidates Named For First Mayoral Primary Debate - Nine candidates have qualified for the first NYC Democratic mayoral primary debate on June 4, including Adrienne Adams, Michael Blake, Andrew Cuomo, Brad Lander, Zohran...more

Cozen O'Connor

New York Note: Tin Cup Day, Minority Leader, NYC AI Nexus

Cozen O'Connor on

Last Tuesday, Mayor Adams, along with other mayors of cities throughout New York State, stated the city’s priorities at the state budget “tin cup day.” Adams advocated for “Axe the Tax for the Working Class” legislation,...more

Sheppard Mullin Richter & Hampton LLP

City Council says Yes to the City of Yes for Housing Opportunity

Yesterday, the City Council (by a vote of 31 to 20) approved the modified City of Yes for Housing Opportunity text amendment (COYHO), which aims to combat the housing crisis by making it possible to build a little more...more

Cozen O'Connor

NYS Legislative Session Concludes

Cozen O'Connor on

The 2024 New York State legislative session has concluded. The end of the session was largely overshadowed by Governor Hochul’s directive to the Metropolitan Transit Authority (MTA) to halt the implementation of congestion...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 2 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

Katten Muchin Rosenman LLP

New York State Legislature Passes FY 2025 Budget, Including Significant Action on Housing

On April 20, 2024, after months of negotiations, the New York State Legislature enacted the state’s 2024-2025 Budget (Budget). The Budget represents the most significant state action on housing in several budget cycles and...more

Cozen O'Connor

New York Note – Legislative Session, Court of Claims, FEMA Funding

Cozen O'Connor on

The New York State Legislature has formally concluded session for 2023. Notably, the legislature and Governor Hochul failed to reach a compromise on the state’s affordable housing crisis. In the final hours of session, the...more

Sheppard Mullin Richter & Hampton LLP

It’s About Damn Time

The City and State of New York have made a handful of announcements regarding plans to roll out imminent changes to the real estate development process to help encourage development and tackle the City’s affordable housing...more

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