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>
housing
The Right To Counsel For Tenants Who Face Eviction
On August 11, 2017, New York City Mayor Bill de Blasio signed legislation, the first of its kind in the nation, which guarantees legal representation for low-income tenants who face eviction. The new law has two major innovations with respect to eviction petitions brought in Housing Court.