Analysis

What NYC's New Tax Abatement Program Means For Attorneys

By Matthew Perlman (May 5, 2017, 1:19 PM EDT) -- var map; var layer_0; function initialize() { map = new google.maps.Map(document.getElementById('map-canvas'), { center: new google.maps.LatLng(40.74621126746791, -73.96256817724611), zoom: 12 }); var style = [ { featureType: 'all', elementType: 'all', stylers: [ { saturation: -49 } ] }, { featureType: 'road.highway', elementType: 'all', stylers: [ { visibility: 'off' } ] }, { featureType: 'administrative.locality', elementType: 'all', stylers: [ { visibility: 'off' } ] }, { featureType: 'poi', elementType: 'all', stylers: [ { visibility: 'off' } ] }, { featureType: 'transit', elementType: 'all', stylers: [ { visibility: 'off' } ] } ]; var styledMapType = new google.maps.StyledMapType(style, { map: map, name: 'Styled Map' }); map.mapTypes.set('map-style', styledMapType); map.setMapTypeId('map-style'); layer_0 = new google.maps.FusionTablesLayer({ query: { select: "col2", from: "1qJvZjb8m2e0sQuktcs31vZCr84MmnfsA1C8Bh8c_" }, map: map, styleId: 2, templateId: 2 }); } google.maps.event.addDomListener(window, 'load', initialize); The replacement for New York City's 421-A property tax exemption program, now called Affordable New York, was codified with the state budget passed last month, and developers and their attorneys are working to figure out what will be required to qualify under the new program and how the process will work....

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