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The New York City Industrial and Commercial Abatement Program (ICAP) will be extended to remain in effect through 2029, with no modifications. The bill to extend the...
The New York City Economic Development Corporation (NYCEDC) and the New York City Industrial Development Agency (IDA) created the New Manhattan Commercial Revitalization (M-CORE)...
The New York City Economic Development Corp. (EDC) and Industrial Development Agency (IDA) have announced the Manhattan Commercial Revitalization tax incentive program, dubbed “M-CORE,”...
To embed, copy and paste the code into your website or blog: At the end of 2020, The Department of Housing Preservation and Development (HPD) announced that they will be rescinding the Privately Financed Affordable Senior Housing (PFASH) Term Sheet originally issued on July 18, 2019, which facilitated the development of Affordable Independent Residences for Seniors (AIRS) located within a privately financed project. The AIRS program was created in March 2016 to encourage the development of affordable housing for seniors and permitted increases in zoning floor area under the NYC Zoning Resolut...