Monthly Archives: January 2014

80/20 Changes

The State has reduced the tax exempt financing available for individual 80/20 projects, Crains reported this week. Until January, developers could get assisted financing for up to 50 percent of a project, but now only the 20 percent affordable component … Continue reading

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New Housing Chair Led Tenant Group

Key City Council Chairmanships were announced this week. Jumaane Williams, a former executive director of New York State Tenants and Neighbors, was named chair of the Housing and Buildings Committee. David Greenfield is the new chair of the Land Use … Continue reading

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Assessments UP

Tentative assessments for 2015 were released this week. The total Market Value of Class 2, apartments, rose $14.8 billion, or 7.3 percent, to $217.3 billion citywide. Three quarters of this increase is due to a rising market and the rest … Continue reading

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Cuomo Proposes Renter Rebate

Governor Cuomo kicked off his re-election campaign with a rosy State of the State speech this week that promised a freeze on property taxes outside New York City and a renter tax-rebate to assuage City voters. Both require asterisks. The … Continue reading

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ABO Helps with Employer Mandate

SAVE  THE DATE: January 28, 2014 at 2 p.m., Complying with the Affordable Care Act  Employer Mandate. ABO and the New York State Builders Association will be launching a private health exchange for members to help them meet reporting and … Continue reading

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