3 legal battles could spell big changes for property taxes and housing vouchers in NYC

… case management system so that caseworkers receive a popup notification that asks them to confirm whether a household …

By Celia Young |March 20, 2024 - 1:20PM
Hochul approves a replacement for the J-51 tax abatement that could help condo and co-op buildings fund upgrades

… help fund repairs for coop and condo buildings and boost affordable housing development after the collapse of her previous  … The new abatement is intended to help middle class homeowners keep up with rising building maintenance costs …

By Celia Young |October 25, 2023 - 4:30PM
New York finally gets a budget, but it doesn't include major housing initiatives

… Ambitious plans to tackle New Yorks affordable housing crisis have been struck from the states $229 billion … called a historic housing shortage by building 800000 new homes over the next decade The policy centered on annual …

By Emily Myers |April 28, 2023 - 2:30PM
What is a mortgage recording tax? Are there ways to reduce it?

… new lender is willing to accept an assignment … Mortgage assumptions are increasingly rare … A less common workaround on the mortgage recording tax is a mortgage assumption where you take over the sellers mortgage  An assumption would have you taking on the mortgage of the …

By Emily Myers |March 21, 2023 - 12:30PM