485-x & 467-m: New Rules Aim to Expand Affordable Housing Through Tax Breaks
New York City has released proposed rules for two new tax incentive programs to combat its affordable housing shortage.
NYC DOB: Clarification on Local Law 147 of 2021: New Definition of Major Buildings to Become Effective December 11, 2024
Effective December 11, 2024, the definition of a ‘major building’ in Section 202 of Chapter 2 of the NYC Building Code will change from an existing or proposed building 10 or more stories or 125 feet or more in height, to an existing or proposed building 7 or more stories or 75 feet or more in height.
NYC Announces Plan to Create City-Funded Version of 421-A Rental Creation Subsidy
The brand-new City program aims to build new affordable and mixed-income homes using innovative funding solutions techniques.
Cahill Strategies COVID-19 Construction Recap
With all the developments in the NYC Construction industry this week we wanted to ensure that none of the major developments or changes were missed.
COVID-19 Update: Suspension of Non-Essential Construction
The Department of Buildings just announced that all non-essential construction project in accordance with State Executive Order 202.6 and the subsequent Empire State Development Corporation guidance, all non-essential construction is suspended for the duration of this state of emergency effective immediately.
Cahill Strategies- DOB Updated Service Bulletin Monday March 23, 2020
DOB is moving the following operations over to the new procedures as well beginning Tuesday March 24, 2020...
Affordable Housing Has a Deeper Meaning
The initiative on affordable housing is finally making progress. As part of the Mayor’s agenda, affordable housing has been recorded to be part of one fifth of de Blasio’s construction budget.
Cahill Blog: 421-A Revision
421-a is seeing a big change in its revived state.