As the June 15, 2022 deadline for commencement of construction for projects to vest under the current 421-a(16) program draws nearer, it’s crucial not to lose sight of the Industrial and Commercial Abatement Program, or ICAP, which may interface with a 421-a(16) mixed-use project. The 421-a(16) Program only includes up to 12% of Aggregate Floor
The NYC Department of Housing Preservation and Development has updated its guidance regarding commencement of construction for the 421-a(16) tax exemption, also known as the Affordable New York Housing Program. As you are aware, buildings must commence construction on or before June 15, 2022 to remain eligible for this significant property tax exemption. HPD has
Ketanji Brown Jackson has been confirmed to the Supreme Court, leading the way for her to become the first Black woman to sit on the nation’s highest court in its 233 year history. Despite a divided senate, Jackson’s support from all democrats as well as three republicans — Susan Collins, Mitt Romney, and Lisa Murkowski
As part of Seiden & Schein’s ongoing commitment to creating and cultivating more affordable housing in New York City, we are honored to be working with our long-time client Slate Property Group to convert 37-05 30th Street, the Dutch House in Astoria, Queens to a “No Action” condominium, in which the residential section and commercial section are
