Herrick Webinar: NYC’s New Housing Production Tax & Zoning Incentives
The New York State Fiscal Year 2025 Budget recently adopted by the State legislature contains a number of critical measures aimed to stimulate housing production. Together, the measures represent the most significant changes to New York’s housing laws in a generation and provide an opportunity to spur housing production whether through new developments and the conversion of existing commercial buildings.
This one hour webinar discussed:
- Tax incentives changes (421-a, 485-x and 467-m)
- Zoning initiatives
- Removal of the 12 FAR Cap for Residential Uses
- Lender considerations and due diligence
Please reach out to the attorney team or [email protected] if you wish to view a copy of the webinar recording.