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United States - Real Estate - New State And City Efforts To Encourage Housing Development - Vimarsana News

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.

Source: mondaq.com
Advocates, Lawmakers 'Baffled' By Exclusions in Basement Legalization Plan - Vimarsana News

Advocates, Lawmakers 'Baffled' By Exclusions in Basement Legalization Plan

"I'm surprised, I'm baffled, I'm angry," said City Councilmember Sandy Nurse, who represents East New York, where the city ran an earlier basement conversion pilot in 2019.

State Budget Approves Elimination of 12 FAR Cap in New York City | Kramer Levin Naftalis & Frankel LLP - Vimarsana News

State Budget Approves Elimination of 12 FAR Cap in New York City | Kramer Levin Naftalis & Frankel LLP

The New York State FY 2025 budget legislation enacted on April 20th included an important and long-awaited housing reform for New York City: elimination of the “12 FAR” cap for...

City of Yes for Housing Opportunity to Include New, Higher-Density Residential Zoning Districts | Cozen O'Connor - Vimarsana News

City of Yes for Housing Opportunity to Include New, Higher-Density Residential Zoning Districts | Cozen O'Connor

On March 28, 2024, the Adams Administration announced that its City of Yes for Housing Opportunity zoning proposal would, if approved by the City Council, introduce new, higher-density...

'Loft Law: The Last of New York City's Original Artist Lofts' by Joshua Charow, available April 16th - Vimarsana News

'Loft Law: The Last of New York City's Original Artist Lofts' by Joshua Charow, available April 16th

a href= http://www.youtube.com/watch?v=ULVMa0mGfD4 target= _blank 'Loft Law: The Last of New York City’s Original Artist Lofts' by Joshua Char