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Feb. 28, 2019

Qualified Opportunity Zones for Developers

As part of the 2017 Tax Cuts and Jobs Act (the “TCJA”), Congress created the Qualified Opportunity Zone (“QOZ”) tax benefits.  Owing in part to confusion over the provisions, the QOZ tax benefits were not initially as widely publicized and discussed as most of the other provisions of the TCJA.  However, with the proposed regulations issued by the IRS in October and high-profile funds being created, Qualified Opportunity Funds have been increasingly in the news. [...]

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Jun. 27, 2018

What Municipalities Need to Know About 5G Technology, the Federal Telecommunications Act & Proposed State Law Limiting Municipal Regulatory Authority

 “Not in my front yard!” is the battle cry for residents and battleground for municipalities across New York, as they prepare for the deployment of the next generation of wireless infrastructure 5G technology.  Cellular services providers, with the assistance of federal law and FCC orders, have opted to deploy the latest technology - small cells and DAS systems - in municipal rights-of-way, much to the chagrin, in many cases, of local leaders and residents.  By one [...]

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Mar. 13, 2018

Municipal Proactive Zombie Property Enforcement

Legislation amending the New York State Real Property Actions and Proceedings Law (Zombie Property Law) now provides New York municipalities with a new and effective enforcement tool to address blight and to prevent further devaluation of homes in their communities. This law is aimed at addressing the “zombie” property phenomena by requiring banks and lenders to take, among other things, timely pre-foreclosure action to identify, secure and maintain abandoned homes. A lender faces [...]

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