Associated Builders and Contractors Hold ‘World Class Safety’ Presentation with New York Developers

On January 5th, the Associated Builders and Contractors’ Inc. Empire State chapter held it’s “Road Map to World Class Safety” forum in which dozens of developers and contractors from around the New York City area learned how to enhance their knowledge on the benefits of construction safety reform.

By |2017-01-09T13:01:33-05:00January 9th, 2017|Client News, Construction, Firm Announcements, News|0 Comments

Construction Dive: Potential barriers to reviving NY’s 421-a tax break remain

The revamped 421-a tax break sets new wage requirements for workers on projects claiming the credit based on their location, in addition to lengthening the abatement period and increasing the required percentage of below-market units from 20% to 25% to 30%.

By |2016-12-06T10:25:05-05:00December 6th, 2016|Construction, News|0 Comments

The Real Deal: 421a Revival Could be on the Agenda if State Legislature Calls Special Session

The New York State Legislature seems closer to calling a special session before the end of the year, potentially bringing a revised 421a to the table.

By |2016-12-01T11:11:48-05:00December 1st, 2016|Construction, News|0 Comments

UPDATE: New Reporting on 421-A Affordable Housing Legislation

Despite proud and glowing announcements by Gov. Andrew Cuomo, the Real Estate Board of New York, and the Building and Construction Trades Council of Greater New York, sources confirmed to The Real Deal that they did not actually reach a consensus on a new deal for the 421a tax abatement last week due to differing interpretations on which projects would qualify.

By |2016-11-17T09:27:54-05:00November 17th, 2016|City Business, Construction, News|0 Comments

Crain’s: Cuomo Reaches a Deal to Revive Lucrative Real Estate Tax Break

From Crain's New York Business: An agreement on 421-a would have to be approved by the Legislature Gov. Andrew Cuomo has brokered an agreement between the city's real estate lobby and the building trades union to revive 421-a, a controversial property tax break for developers that the city and many in the industry believe is [...]

By |2016-11-11T12:35:58-05:00November 11th, 2016|City Business, Construction, News|0 Comments