The program offers significant tax relief for projects that meet specific affordability and labor criteria:
For developers, investors, and residents alike, understanding 485-x is crucial to navigating the future of NYC real estate. Here is what you need to know about this landmark program. What is 485-x? The program offers significant tax relief for projects
: Projects can receive up to 40 years of property tax exemptions , a step up from the 35 years offered under its predecessor. and residents alike