Herrick Webinar: NYC’s New Housing Production Tax & Zoning Incentives

May 16, 2024

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.

Click here for Herrick's recent client alert, "NYC’s New Housing Production Tax & Zoning Incentives."

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.