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Sponsor Alert: New Executive Order Extends Important Deadlines for Offering Plans and Mortgage Recording Tax Credit

On August 5, 2020, Governor Andrew Cuomo issued Executive Order 202.55 in response to the COVID-19 pandemic. Of interest to sponsors of condominiums and cooperatives, the Executive Order tolls several important deadlines: New Construction and Vacant Building Condominium and Cooperative Offering Plans: Sponsors are currently required to close title to at least 1 unit within