New York A10192 creates tax credits for converting office buildings to residential use, administered by the Empire State Development Corporation and.

New York A10192 introduces two tax credits for converting office buildings to residential use. The first credit is for conversions of historic office buildings, administered by the Empire State Development Corporation. The second credit is for conversions of non-historic office buildings in cities with populations under one million, administered by the State Historic Preservation Office. Both credits are limited to projects with specific structural and financial requirements, including a minimum of 25,000 gross square feet and $2.5 million in rehabilitation expenditures.

New York A10192 creates tax credits for converting office buildings to residential use, administered by the Empire State Development Corporation and.

New York A10192 introduces two tax credits for converting office buildings to residential use. The first credit is for conversions of historic office buildings, administered by the Empire State Development Corporation. The second credit is for conversions of non-historic office buildings in cities with populations under one million, administered by the State Historic Preservation Office. Both credits are limited to projects with specific structural and financial requirements, including a minimum of 25,000 gross square feet and $2.5 million in rehabilitation expenditures.