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Housing At Risk Task Force (HART) – 421-a Completion of Construction Deadline Assistance Program

December 14, 2023

Jeffrey Citron, Howard Weiss, Louis J. Coletti

LAW PRACTICE AREAS: REAL ESTATE | LAND USE & ZONING | CONSTRUCTION | GOVERNMENT RELATIONS 

On December 6, 2023, New York City Mayor, Eric Adams, announced the creation of “HART (Housing at Risk Task Force)”, which seeks to assist real estate developers of projects that are working to complete construction and obtain a “CO” (Certificate of Occupancy) before the June 15, 2026, the Affordable New York 421-a(16) Program deadline.

HART’s goal is to foster interagency communication between the Office of the Mayor, the Department of Buildings, the Department of City Planning, the Department of Housing Preservation and Development, the Department of Environmental Protection,  the Fire Department, the Mayor’s Office of Environmental Remediation, and the Department of Transportation.

Essentially, HART will:

  • develop and implement a process to increase the likelihood that at-risk projects meet the June 15, 2026 deadline;
  • formulate a schedule of critical milestones that each at-risk project should satisfy;
  • track the progress of each at-risk project in achieving critical milestones;
  • streamline communications among the various New York City agencies to facilitate timely approvals; and
  • meet regularly to discuss the status of at-risk projects and facilitate interagency communication regarding the issuance of certificates of occupancy for at-risk projects.

Created according to Executive Order #38, HART seeks to ensure that up to 50 projects will stay on schedule to meet the deadline of June 15, 2026.

If you are a real estate developer who is interested in the program, you may complete and submit a pre-application here: Delivering Affordable New York Pre-Application Form – click here.

Listen to our Lobbying Insider podcast on Affordable Housing

Join host Zack Fink as he sits down to discuss 421-a and other issues surrounding NY’s struggle to build affordable housing with guests, Carlo Scissura, CEO of the NY Building Congress and Lou Coletti, former President of the BTEA and now current Senior Adviser to our Construction, Real Estate and Government Relations law practices.

Click here or the thumbnail above to listen now.

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Coletti Named Executive of the Month by NY Real Estate Journal

 Louis J. Coletti, was the featured Executive of the Month for New York Real Estate Journal (NYREJ).  In publication since 1989, NYREJ is a leading news media outlet specifically for commercial real estate professionals, including builders, developers, brokers, property owners/managers, and leasing agents

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