Foreclose, Then What?
So many sites are vacant or partially built – so many sites in trouble financially; so much to consider when considering seizing the distressed asset…
Zoning too? Of course: (more…)
Archive for the ‘Tax Exemptions’ Category
The 421-a Program: Market-Based Changes
The 421-a residential tax exemption program, which provides a significant real estate tax exemption for new residential construction projects, requires that buildings receiving the tax exemption must complete construction without “undue delay” – defined as within 36 months for the majority of projects. (more…)
