Developers Beware: Land Use and Contribution Limits in New York City
June 24, 2008
The third phase of NYC’s “doing business” contribution limits is scheduled to go into effect before the end of the year. Indeed, these final components of the “doing business database” must be certified by December 1, 2008; otherwise, the DB limits will not triggered by these business transactions during the 2009 citywide elections. These additional business dealings are:
- Acquisitions and dispositions of real property with the City of New York
- Acquisitions of office space by the City.
- Applications under the Uniform Land Use Review Procedure (ULURP), including the designated developer or sponsor of the project
- Applications for changes in the zoning resolution or special permits.
- Real property transactions conducted by public auction or competitive sealed bid
- Watershed Land Program acquisitions
- Owner-occupants of 1 – 3 family homes
- Housing assistance payment contracts (Section 8 rent subsidies)
- Other categories of actions, transactions and agreements providing for affordable housing (to be set forth in Department of Housing Preservation and Development rules)
- Non-profit neighborhood associations of local residents or homeowners, which are applicants for zoning district designations or zoning amendments.
Tag: New York City