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Decoding the NYC 485-x Tax Program with Tyng Patka
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Unlock the secrets behind New York City’s latest tax abatement program, 485-x, as we sit down with the eminent Tyng Patka, chair of the NYC Real Estate Tax and Incentives Group at Adler & Stachenfeld LLP. Tyng demystifies the complexities of the program, which serves as a pivotal instrument for fostering new multifamily housing developments across the city's five boroughs. Her insights into the strategic utilization of these tax incentives are a treasure trove for developers eyeing to maximize their projects' potential.
This episode is an essential listen for anyone looking to navigate the dynamic real estate waters of New York City with confidence and foresight.
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Chapters
1. Decoding the NYC 485-x Tax Program with Tyng Patka (00:00:00)
2. NYC 485X Tax Abatement Program Overview (00:00:03)
3. Affordable Housing Program Regulations and Deadlines (00:16:53)
4. Affordable Housing Development Regulations (00:31:32)
5. Property Tax Exemptions for Buildings (00:38:19)
32 episodes
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