421a: NY Governor Signs Coop / Condo Bill into Law
- 02/05/13 10:46 PM
Governor Cuomo signed into law (Chapter 4 of the Laws of 2013) the Omnibus Housing bill that renews the coop/condo abatement and J-51 programs and amends the certain provisions of the 421a program.
REBNY the real estate board of new York worked
vigorously over the last six months for the early passage of this legislation which was agreed to at the end of the 2012 legislative session.
A brief explanation of the bill’s provisions is below.
Coop/Condo Abatement
The coop/condo abatement would be extended for three years. However, to be eligible for the abatement, the unit must … (2 comments)
Governor Cuomo signed into law (Chapter 4 of the Laws of 2013) the Omnibus Housing bill that renews the coop/condo abatement and J-51 programs and amends the certain provisions of the 421a program.
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