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United States: State Budget Approves Elimination Of 12 FAR Cap In New York City - Kramer Levin Naftalis & Frankel LLP

Mondaq Monday, 6 May 2024
The New York State FY 2025 budget legislation enacted on April 20th included an important and long-awaited housing reform for New York City: elimination of the "12 FAR" cap for residential buildings.
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