Search Results for: New York Law School

421-a Property Tax Process Renewed

The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>

Law Bans Employers From Asking Candidates About Salary History

New local law bans employers from asking applicants about past salaries. On October 31, 2017, the new city-wide Salary History Law took effect. Public Advocate Letitia James, introduced the legislation in August 2017 in response to a report that women in the City earned $5.8 billion less than men in annual wages. Women in City government suffered a wage gap two-to-three times larger than women working in the private sector, with women of color … <Read More>

New JPMorgan Chase State-of-the-Art Headquarters to Rise At 270 Park Ave

JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>