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421-a Tax Exemption
The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption is granted for any buildings that add multiple new residential units, and typically lasts for 15 to 25 years after the building is completed. Longer exemption periods apply in less densely populated areas of the outer boroughs and upper Manhattan. The original program gets its name from section 421-a in the New York Real Property Tax Law. The 421-a program began in 1971, and the state government later added provisions to mandate the creation of affordable housing units in order for developers to qualify for the program. Under the original program, areas in which developers qualified for the tax break included all of Manhattan and portions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Tax
A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or net wealth, taxes on the change of ownership of property through inheritance or gift and taxes on financial and capital transactions" (see: ), but this article only covers taxes on realty. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality. Multiple jurisdictions may tax the same property. Often a property tax is levied on real estate. It may be imposed annually or at the time of a real estate transaction, such as in real estate transfer tax. This tax can be contrasted to a rent tax, which is based on rental income or imputed rent, and a land value tax, which is a levy on the value of land, excluding the value of buildings and other improvements. Under a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Break
Tax break also known as tax preferences, tax concession, and tax relief, are a method of reduction to the tax liability of taxpayers. Government usually applies them to stimulate the economy and increase the solvency of the population. By this fiscal policy act, government favourable behaving of population sample or general behaving. By announcing a new tax break state budget possibly deprecate some of their revenues from collecting taxes. On the other hand, a new tax break stimulates the economy of subjects in the state, which could possibly strengthen the increase of outcomes that will be taxed. Every tax break must go through the Legislative system to be accepted by authorized institutions to become valid. Most of the countries pledge this position to the Ministry of finance, which approves new tax breaks as tax law. Whether for validation is needed an agreement with other constitutional officials depends on state legislative. However, in the same manner, could the tax break be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East River
The East River is a saltwater tidal estuary in New York City. The waterway, which is actually not a river despite its name, connects Upper New York Bay on its south end to Long Island Sound on its north end. It separates the borough of Queens on Long Island from the Bronx on the North American mainland, and also divides Manhattan from Queens and Brooklyn, also on Long Island.Hodges, Godfrey. "East RIver" in Jackson, pp.393–93 Because of its connection to Long Island Sound, it was once also known as the ''Sound River''. The tidal strait changes its direction of flow frequently, and is subject to strong fluctuations in its current, which are accentuated by its narrowness and variety of depths. The waterway is navigable for its entire length of , and was historically the center of maritime activities in the city. Formation and description Technically a drowned valley, like the other waterways around New York City, the strait was formed approximately 11,000 years ago at the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill De Blasio
Bill de Blasio (; born Warren Wilhelm Jr., May 8, 1961; later Warren de Blasio-Wilhelm) is an American politician who served as the 109th mayor of New York City from 2014 to 2021. A member of the Democratic Party, he held the office of New York City Public Advocate from 2010 to 2013. De Blasio was born in Manhattan and raised primarily in Cambridge, Massachusetts. He graduated from New York University and Columbia University before brief stints working as a campaign manager for Charles Rangel and Hillary Clinton. De Blasio started his career as an elected official on the New York City Council, representing the 39th district in Brooklyn from 2002 to 2009. After serving one term as public advocate, he was elected mayor of New York City in 2013 and reelected in 2017. De Blasio's policy initiatives have included new de-escalation training for police officers, reduced prosecutions for cannabis possession, implementation of police body cameras, and ending the post- 9/11 surveill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City Independent Budget Office
The New York City Independent Budget Office (IBO) is a publicly funded agency of New York City that provides nonpartisan information about the city's budget and local economy to the public and their elected officials. The office has no policymaking role. Role of the agency The Independent Budget Office presents budgetary reviews, economic forecasts, and policy analyses in the form of reports, testimony, memos, letters, and presentations. The agency also releases an annual volume of budget options for New York City, produces guides to understanding the budget, and provides online access to key revenue and spending data from past years. Because the information IBO provides is independent of the interests of the Mayor, the agency also serves as a counterbalance to the Mayor’s executive powers in the budget process, including control of budget-related data. Each year IBO publishes three reports required by the City Charter. The Fiscal Outlook, issued prior to the upcoming fiscal year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
110th Street (Manhattan)
110th Street is a street in the New York City borough of Manhattan. It is commonly known as the boundary between Harlem and Central Park, along which it is known as Central Park North. In the west, between Central Park West/Frederick Douglass Boulevard and Riverside Drive, it is co-signed as Cathedral Parkway. Route 110th Street is an eastbound street between First Avenue and Madison Avenue. The small portion between Madison Avenue and Fifth Avenue is westbound. West of Fifth Avenue, the road widens to accommodate two-way traffic. The Duke Ellington Memorial, a statue of Duke Ellington, stands in Duke Ellington Circle, a shallow amphitheater at 110th Street and Fifth Avenue, at the northeast corner of Central Park. Unveiled in 1997, the statue, by sculptor Robert Graham, is tall, and depicts the Muses—nine nude caryatids—supporting a grand piano and Duke Ellington on their heads. Duke Ellington Circle is also the site of the future Museum for African Art. Where 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bronx
The Bronx () is a borough of New York City, coextensive with Bronx County, in the state of New York. It is south of Westchester County; north and east of the New York City borough of Manhattan, across the Harlem River; and north of the New York City borough of Queens, across the East River. The Bronx has a land area of and a population of 1,472,654 in the 2020 census. If each borough were ranked as a city, the Bronx would rank as the ninth-most-populous in the U.S. Of the five boroughs, it has the fourth-largest area, fourth-highest population, and third-highest population density.New York State Department of Health''Population, Land Area, and Population Density by County, New York State – 2010'' retrieved on August 8, 2015. It is the only borough of New York City not primarily on an island. With a population that is 54.8% Hispanic as of 2020, it is the only majority-Hispanic county in the Northeastern United States and the fourth-most-populous nationwide. The Bronx ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Staten Island
Staten Island ( ) is a borough of New York City, coextensive with Richmond County, in the U.S. state of New York. Located in the city's southwest portion, the borough is separated from New Jersey by the Arthur Kill and the Kill Van Kull and from the rest of New York by New York Bay. With a population of 495,747 in the 2020 Census, Staten Island is the least populated borough but the third largest in land area at . A home to the Lenape indigenous people, the island was settled by Dutch colonists in the 17th century. It was one of the 12 original counties of New York state. Staten Island was consolidated with New York City in 1898. It was formally known as the Borough of Richmond until 1975, when its name was changed to Borough of Staten Island. Staten Island has sometimes been called "the forgotten borough" by inhabitants who feel neglected by the city government. The North Shore—especially the neighborhoods of St. George, Tompkinsville, Clifton, and Stapleton—i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One57 From Columbus Circle, May 2014
One57, formerly known as Carnegie 57, is a 75-story, supertall skyscraper at 157 West 57th Street between Sixth and Seventh Avenues in the Midtown neighborhood of Manhattan in New York City. The building has 92 condominium units on top of a new Park Hyatt Hotel with 210 rooms, the flagship Hyatt property. The tower was developed by Extell Development Company and designed by Christian de Portzamparc. It was the first ultra-luxury condominium tower along a stretch of 57th Street called Billionaires' Row. One57 contains a facade made of panels in various shades of blue. The building has a curved roof and, on the side facing 57th Street, contains several setbacks that resemble waterfalls. One57's structural features include concrete floor slabs and two basement levels. The residential interiors contain furniture and materials by Thomas Juul-Hansen. The tower's design, particularly its facade and shape, was negatively critiqued upon its completion. Extell CEO Gary Barnett ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NeighborWorks America
The Neighborhood Reinvestment Corporation, doing business as NeighborWorks America, is a congressionally chartered nonprofit organization that supports community development in the United States and Puerto Rico. The organization provides grants and technical assistance to more than 240 community development organizations. NeighborWorks America provides training for housing and community development professionals through its national training institutes. Since 2007, NeighborWorks America has administered the Congressionally created National Foreclosure Mitigation Counseling Program. The NeighborWorks network comprises more than 240 community development organizations working in urban, suburban and rural communities across the country. The Neighborhood Reinvestment board of directors consists of the Deputy Secretary of Housing and Urban Development, a member of the Board of Governors of the Federal Reserve System, a member of the Chief Counsel Office of the Comptroller of the Cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
96th Street (Manhattan)
96th Street is a major two-way street on the Upper East Side and Upper West Side sections of the New York City borough of Manhattan. It runs in two major sections: between the FDR Drive and Fifth Avenue on the Upper East Side, and between Central Park West and Henry Hudson Parkway on the Upper West Side. The two segments are connected by the 97th Street transverse across Central Park, which links the disconnected segments of 96th and 97th Streets on each side. 96th Street is one of the 15 hundred-foot-wide () crosstown streets mapped out in the Commissioner's Plan of 1811 that established the numbered street grid in Manhattan. On Manhattan's West Side, 96th Street is the northern boundary of the New York City steam system, the largest such system in the world, which pumps 30 billion pounds of steam into 100,000 buildings south of the street. (The northern boundary on the East Side is 89th Street.) East 96th Street From the FDR Drive to First Avenue, 96th Street is the norther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
14th Street (Manhattan)
14th Street is a major crosstown street in the New York City borough of Manhattan, traveling between Eleventh Avenue on Manhattan's West Side and Avenue C on Manhattan's East Side. It forms a boundary between several neighborhoods and is sometimes considered the border between Lower Manhattan and Midtown Manhattan. At Broadway, 14th Street forms the southern boundary of Union Square. It is also considered the northern boundary of Greenwich Village, Alphabet City, and the East Village, and the southern boundary of Chelsea, Flatiron/Lower Midtown, and Gramercy. West of Third Avenue, 14th Street marks the southern terminus of western Manhattan's grid system. North of 14th Street, the streets make up a near-perfect grid that runs in numerical order. South of 14th, the grid continues in the East Village almost perfectly, but not so in Greenwich Village, where an older and less uniform grid plan applies. In the early history of New York City, 14th Street was an upscale locati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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