Incentives for Office-to-Residential Conversions Coming to New York City
New York State Senate’s Budget: A Game-Changer for Housing in NYC The New York State Senate’s recent budget proposal introduces several initiatives and incentives to help improve housing availability and affordability in NYC: Incentives for Office-to-Residential Conversions With a new tax exemption proposal to encourage commercial-to-residential conversions, developers have a lucrative opportunity to repurpose underutilized […]