Brownfields Tax Credits            

As the NYS Brownfields Tax Credit program continues to evolve, NPCR continues to work on improvements to insure that the tax credits are targeted to community-supported projects in low-income areas.

May 2013: Reform on the Horizon: A Stakeholder Collaboration to Extend and Maximize the Value of New York's Brownfield Tax Credits

June 2012:Brownfields Dilemma: The impending sunset of NY's Brownfield Tax Credit

January 2011: Smart Growth Outlook 2011: Challenges and Opportunities in Brownfields, Area-wide Planning & Implementation

March 2010: Fixing the NYS Brownfields Tax Credits: NPCR’s Five-Pronged Solution
NPCR is seeking ideas and comments from brownfield stakeholders on our proposal. Please send your suggestions to Jody Kass.

February 2009: Analysis on the Use of Brownfield Tax Credits by Not-for-Profit Organizations
In 2003, brownfield tax credits (“BTCs”) were created as part of the New York State Brownfield Law. Because BTCs are very different from low-income housing tax credits (LIHTCs), there has been confusion in the community development industry as to how BTCs can be applied, and how BTCs work on projects, which also involve LIHTCs. Adding to the confusion is the fact that the practical implementation of BTCs is continuing to evolve as the statute that created the BTCs was passed in 2003, but significantly changed in 2006 and again in July 2008. NPCR’s February 2009 report provides a factual foundation upon which community development entities can make informed decisions about how to structure their involvement in a specific project in order to obtain the benefit of BTCs.

May 2007: Missing the Target Making: Making Brownfields Tax Credits work for Communities
Three years after the NYS 2003 Brownfields Law was passed, it was clear the programs created by the law were not working as intended. The principal problem was the way brownfield tax credits were awarded; essentially, any site that entered the Brownfield Cleanup Program, regardless of public benefit, relative cost of cleanup compared to development, consistency with economic development objectives, or compatibility with a regional or municipal plan generated brownfield tax credits as-of-right. NPCR released this report in May 2007 (before the 2008 Legislative changes) to document the problems and provide a series of recommendations for fixing the tax incentives to ensure they worked more effectively for low and moderate income communities and communities of color.