LacherLaw
For more information, please visit our website at www.lacherlaw.com or send an inquiry to [email protected].
Surprised and delighted to have been honored at the annual holiday party on 12/11 for my years of service as Pro Bono General Counsel to the organization since its inception. Gifted with a custom piece by created especially for the Greenhouse.
I am proud to share that earlier this week, I secured for my client a significant package of economic benefits from the New Rochelle (Westchester County, NY) Industrial Development Agency for a multi-unit residential project my client is developing in the city. I was able to guide my client successfully to obtaining all three of the benefit categories that the IDA is empowered to confer: exemption from sales tax on construction materials and fixtures, exemption from mortgage recording tax on financing for the project, and a 10-year scaled partial abatement of property taxes in the form of a PILOT (Payment In Lieu of Taxes) arrangement. With this approval, my client will be able to finish the project and achieve a reasonable rate of return, while contributing much-needed new quality housing stock to the community.
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270 North Avenue, 8th Floor
New Rochelle, NY
10801
06/23/2022