On July 18, 2023 NYS Governor Hochul signed an Executive Order with the objective of facilitating residential projects currently under construction within the Gowanus rezoning area. The Executive Order paves…
January January 5th Taxable Status Date / Exemption Renewal Date January 5th The deadline for filing a Certificate of Continuing Use (CCU) renewal for 2023/24 January 15th 2023/24 Tentative Assessment…
Area Median Income:2023 The Department of Housing Urban Development (HUD) has released the Area Median Income (AMI) for fiscal year 2023: Note that the new AMI rents have increased by…
As a developer, it’s important for you to understand the distinction between the increase in rent stabilized rents amounts that are issued by the Rent Guidelines Board (RGB), and the…
You own a property in the newly rezoned Gowanus, but you have no intention of developing it in the near future. You probably want to move onto the next article,…
HPD has stepped up enforcement to replenish their lost pre-COVID revenue by revoking YOUR benefits! Rather than examining the future of the tax exemptions programs, the city council is focused…
The Mandatory Inclusionary Housing Program (MIH) was introduced in March of 2016, as part of Former Mayor DeBlasio’s “Five-Borough-Ten-Year-Plan” to battle the chronic housing crisis that plagues NYC. This Program…
Everyone who dabbled with any sort of new construction recently, surely heard about June 15, 2022. It was the date when the very popular 421(16) Tax Exemption Program expired, leaving…
2021© Copyright Metropolitan Realty Exemption. All Rights Reserved.
Powered By: WebCase Design
