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NYC Local Law 102 of 2023 (Intro. 224-A) - Child Care Center Tax Abatement
CapacityIncentivesUrban PlanningAffordability
What This Means
Creates a property tax abatement for commercial landlords who build out or retrofit space for child care centers serving children under six in New York City's highest-need neighborhoods.
Timeline
Introduced in City Council (Jun 15, 2022)
City Council Stated Meeting vote (Aug 3, 2023)
Signed by Mayor Adams (Sep 12, 2023)
Application window opened (Jan 2024)
Program sunset review (2027)