COYHO’s New UAP Framework for Affordable Housing

The recently adopted City of Yes for Housing Opportunity (COYHO) text amendment effected a sweeping overhaul of the city’s zoning regulations, as discussed in our recent client alert. Last week’s client alert discussed COYHO’s changes to the framework for landmark transfers. This alert addresses changes to the floor area bonus for affordable housing under COYHO’s Universal Affordability Preference — UAP — provisions....
By: Kramer Levin Naftalis & Frankel LLP

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