Tag: Mamdami
Balancing Luxury Taxes and Affordable Housing A Real Estate Attorney’s Breakdown of Governor Hochul’s New York Housing Policies
New York’s real estate market is entering a pivotal transition as the state confronts a widening budget deficit and a severe shortage of middle‑class housing. Governor Kathy Hochul’s administration has introduced a two‑part strategy: imposing new taxes on luxury non‑resident property owners while expanding affordable homeownership opportunities statewide. Craig A. Fine, Esq., a real estate…