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A Conversation with NYC Council Member Greenfield

   

EisnerAmper tax partner Bill Timlen discusses land use planning, affordable housing and infrastructure in New York City with NYC Council Member David Greenfield. Their discussion addresses the comprises needed to get real estate deals done in New York City, including One Vanderbilt’s agreement to invest $223 million in transit public infrastructure in exchange for the rights to expand their property. Their discussion led to the new Mandatory Inclusionary Housing program, the 421a program, and tax incentives to create more affordable housing in New York City. Their discussion on infrastructure addressed the long travel time on both New Jersey Transit and the MTA, and the need to invest more in infrastructure in general. 


Transcript

Bill Timlen: Hello and welcome to EisnerAmper’s podcast series, where we try to dig a little deeper on issues facing business professionals and their clients. I’m Bill Timlen, an EisnerAmper tax partner and a member of the firm’s Real Estate Services Group, and I’m pleased to be your host today. With us today is New York City Council Member David Greenfield of the 44th district, which encompasses Midwood, Borough Park, Ocean Parkway and Bensonhurst. Council Member Greenfield chairs the Land Use Committee, which oversees the Department of City Planning, the Landmarks Preservation Commission, and the Department of Information Technology and Telecommunications. He serves as a member of the Council’s budget negotiating team responsible for negotiating New York City’s $82.2 billion budget with the Mayor’s office. Councilman Greenfield is also an adjunct professor of Land Use and Zoning at Brooklyn Law School. Council Member Greenfield, welcome and thanks for being here.

David Greenfield: Bill, thanks for having me. It’s great to be here and fabulous to meet you in person. You’re much better looking than your internet profile would have us believe.


William Timlen is a Partner in the Private Business Services Group with more than 20 years of professional experience. Bill specializes in the tax aspects of partnerships and passive loss regulations.

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