Eligible Census Tract Determinations for the New York Historic Rehabilitation Tax Credit

The New York State Department of Taxation & Finance (“DTF”) issued an advisory opinion TSB-A-20(2)C,(1)I regarding the determination of whether an historic rehabilitation project is located in a census tract eligible for New York’s historic rehabilitation tax credit. DTF determined that a determination of eligibility by New York State Office of Parks, Recreation and Historic Preservation (OPRHP) […]

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SBA Releases Paycheck Protection Program Forgiveness Application

SBA has released the Paycheck Protection Program Loan Forgiveness Application — available here. Costs Eligible for Forgiveness The application provides the following instructions: Eligible payroll costs. Payroll costs paid and payroll costs incurred during the eight-week (56-day) Covered Period (or Alternative Payroll Covered Period) (“payroll costs”). Payroll costs are considered paid on the day that […]

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Central New York Region Qualifies for Re-Opening

Phase 1 of the Re-Opening starts tomorrow.  County Executive Ryan McMahon and the whole team at the County did a great job on behalf of the whole region.

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New York Landlord-Tenant Provisions in Executive Order 202.28

On May 7, 2020, Governor Cuomo issued Executive Order 202.28. The Executive Order contains several provisions affecting landlords and tenants. Security Deposits For Residential Leases: Landlords and tenants may agree to use security deposits (and any interest accrued thereon) to pay past or future rent.  Landlords are required to provide this relief to any tenant […]

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Update To Regional Re-Opening

The May 12th update to the Regional COVID-19 Metrics shows that four regions are now eligible to open on May 15th: Finger Lakes Mohawk Valley North Country Southern Tier Central New York Region inched closer to meeting the minimum COVID-19 testing rate (30 per 1,000 residents per month).

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New York’s Re-Opening Phases

Phased Reopening Plan

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Coronavirus: Will Signing and Witnessing in New York During the Pandemic

One issue that is likely to pop up for people affected by COVID-19 is getting their Last Will and Testament signed or updated. With mandatory quarantines for affected individuals, who are the people most in need of immediate assistance with their Wills, execution of a proper Will in accordance with EPTL 3-2.1 is almost impossible. […]

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Prevailing Wages for Publicly Subsidized Projects in New York

The FY2021 New York State Budget adopts provisions requiring prevailing wages on certain construction projects receiving public benefits. The law, codified at Section 224-a of the Labor Law, applies to construction work on projects with total construction costs over $5 million with public funds providing at least thirty percent of the total construction costs. If […]

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April 5th Update on COVID-19, Rent and Evictions in New York

Effective at 8:00PM on March 22, 2020, Governor Cuomo issued a moratorium on the enforcement of either an eviction of any tenant residential or commercial, or any foreclosure of any residential or commercial property for a period of 90 days. This moratorium has caused a lot of fear for landlords of both residential and commercial […]

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