BurgherGray Newsletter

BurgherGray Newsletters

HPD Adopts New Rules to Implement Section 485-x Affordable Housing Tax Law

HPD Adopts New Rules to Implement Section 485-x Affordable Housing Tax Law

In a significant development for New York City’s affordable housing sector, effective January 1, 2025, the NYC Department of Housing Preservation and Development (HPD) began implementing the Adopted Rules (ANNY Rules) of Section 485-x Affordable Housing Tax Law —also referred to as Affordable Neighborhoods for New Yorkers Tax Incentive Program (ANNY).

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The Uncertain Viability of the FTC’s Noncompete Ban

The Uncertain Viability of the FTC’s Noncompete Ban

Recent developments in Supreme Court jurisprudence pose a stiff challenge to the FTC’s Noncompete Ban (the “Noncompete Ban”). Specifically, the United States Supreme Court’s decision in Loper Bright Enterprises v. Raimondo (“Loper”) and a federal injunction from a Texas court on July 3, 2024 both cast doubt on the legitimacy of the ban.

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