New York Governor Kathy Hochul has signed Senate Bill S9822, extending the Industrial and Commercial Abatement Program (ICAP) application deadline from March 1, 2025, to March 1, 2029. The four-year extension of the ICAP program allows property owners in New York City to continue benefiting from tax abatements for eligible industrial, retail and commercial buildings
Financial incentives to construct energy-efficient housing are being offered through New York State Homes and Community Renewal’s Affordable Homeownership Opportunity Program (“AHOP”). Qualifying Projects: AHOP is available for a variety of housing modalities including newly constructed condominiums and cooperatives, rehabilitated vacant buildings and tenanted building conversions. Generally, the buildings must have less than 100 apartments,
Seiden & Schein, P.C. has decades of condominium and cooperative experience, both with creating condominium regimes pursuant to No-Action Letters that are issued by the New York State Attorney General, and with condominiums and cooperatives that are offered for sale to the general public pursuant to Offering Plans. We have deep, wide-ranging, knowledge and skill
The deadline to file for an extension of time to complete construction under the 421-a program is next Thursday, September 12th. What is the 421-a completion of construction deadline? The 421-a program originally required that a project complete construction by June 15, 2026. Completion of construction is defined as receipt of a Permanent Certificate of
