Archive for the ‘Tax Exemptions’ Category

Foreclose, Then What?

Mitch Korbey, Partner, Herrick's Land Use Group | September 28, 2010 in Department of Buildings,Development,Landmarks,Tax Exemptions,Zoning | Comments (2)

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…)

The 421-a Program: Market-Based Changes

Jennifer Dickson, Urban Planner, Herrick's Land Use Group | October 13, 2009 in Financing,Tax Exemptions | Comments (8)

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…)