New York Real Estate Rules To Follow In 2nd Half Of 2021

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Law360 (Jul 1, 2021 at 2:19 pm ET) – A new initiative to convert distressed properties in New York to affordable housing and an attempt to change the zoning of Govanus in Brooklyn are some of the real estate laws and regulations that which lawyers will closely monitor. second half of the year.

In June, New York City lawmakers passed the Neighborhood Decent Housing Act, which paves the way for converting certain properties into affordable housing. But experts say it is not yet clear how the program will be implemented.

Meanwhile, the multi-year Govanus re-zoning process is coming to an end and lawyers will be closely monitoring possible re-zoning there, as well as any further issues.

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