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Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 4 of 4) | Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 4 of 4) | Cole Schotz
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United States - Real Estate - New State And City Efforts To Encourage Housing Development

On April 23, 2024, the New York State Legislature passed a number of significant measures intended to increase housing production, particularly in New York City. The new measures, which are discussed below.

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 2 of 4) | Cole Schotz

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well.

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