A long-standing feature of American tax policy is the exemption granted to nonprofit organizations, the largest of which is the exemption from local property taxes. The exemption, with origins back to the 18th century, is widespread. Among the 50 states, 17 state constitutions mandate property tax exemptions for charitable organizations, 25 authorize the legislature to give exemptions, and eight do not address the issue. New York State establishes two classes of exemptions for nonprofits: … <Read More>
Search Results for: Lower Manhattan, Manhattan
Simeon Bankoff: Taking the Context out of Contextual Zoning
In March 2015, the City Planning Commission announced a proposal called Zoning for Affordability and Quality, which broadly calls for three principal changes in the current citywide zoning resolution. The plan proposes to change and enlarge definitions of senior housing to include more types of housing providers than currently permitted. It also proposes to increase buildable space for senior housing in some instances. The proposal also seeks to lessen or some instances no longer mandate … <Read More>
Elected Officials, Community Groups Rally Against Mayor’s Citywide Rezoning Plan
Speakers argued the plan eliminates residential zoning protections with little affordable housing benefit. On March 25, 2015 the Greenwich Village Society for Historic Preservation held a press conference on the steps of City Hall to protest Mayor Bill de Blasio’s proposed citywide rezoning plan, “Zoning for Quality and Affordability”. According to the Department of City Planning, the plan was created in response to zoning barriers identified by DCP and the Department of … <Read More>
Zoning Subcommittee Hears Proposal for New Through-Block Residential Building
The fifteen-story building would be built over an open rail cut in the Special Clinton District. On March 24, 2015, the City Council Subcommittee on Zoning and Franchises heard a proposal by 1818 Nadlan LLC to construct a new fifteen-story residential building at 505 West 43rd Street in the Special Clinton District of Hell’s Kitchen, Manhattan. The proposed building would consist of two segments, one fronting on West 43rd Street and the other fronting on … <Read More>
City Council Holds Oversight Hearing on 421-a Program
HPD Commissioner Been, others testify on effectiveness of the program. On January 29, 2015 the City Council Committee on Housing and Buildings held an oversight hearing on the 421-a tax benefit program. The program, established in 1971 by the New York State Legislature, was designed to spur residential development of underused land by granting a property tax reduction to developers for a period of ten to twenty-five years, with an objective of increasing affordable housing … <Read More>
Variances Amended To Permit Transfer of Development Rights
BSA found development value of subject lots could not be previously realized. On December 16, 2014 the Board of Standards and Appeals voted to grant the applicants, West 29th Street Owner’s Corp. and The Flower House Condominium, an amendment of previously existing variances on two lots. The amendment is required to merge the lots into one zoning lot and transfer their development rights to an as-of-right hotel in development on an adjacent site. The subject … <Read More>