As you may be aware, residential projects must commence construction not later than June 15, 2022 in order to vest under the current Affordable New York Housing Program. New information might improve your project’s ability to meet the program’s definition of “commencement”. If you have a project that is in danger of not being able to meet the June 15th vesting deadline, please contact Jay Seiden or Jason Hershkowitz at Seiden & Schein, P.C. to discuss this recent development and how it may apply to your project.