Affordable Housing and Tax Credit Developments NationallyNew York Governor Signs FY 2011-2012 Budget

April 15, 2011by George Danneman

On March 31, 2011, New York Governor Andrew Cuomo passed the 2011-2012 state budget  that eliminates a $10 billion deficit.  The $132 billion spending plan increases the aggregate dollar amount of New York State Low Income Housing Tax Credits (modeled after the federal Low Income Housing Tax Credit (LIHTC) program) that the Commissioner of Housing and Community Renewal may allocate by $4 million, from $28 million to $32 million per year.

The Danneman Firm, LLC provides clients with a high-quality alternative to “big-firm” legal services. We combine past experience working with institutional clients at large national law firms together with the personal service and cost effectiveness of a smaller organization.

3411 Silverside Road Webster Building, Suite 108 Wilmington, DE 19810

© 2022 The Danneman Firm