Taxes, incentives and financing
Property tax and assessment, tax credits and abatements, grants, loans and project financing. What changed, the rules that apply and the dates ahead for projects in New Jersey, New York, Connecticut and Pennsylvania.
Latest briefings
- MediumNew York
New York court blocks commercial tax class for vacant residential lots outside Manhattan
Two appellate rulings require New York City to tax vacant residential lots in Brooklyn, Queens and Staten Island in class one, and let owners correct some past years.
In courtHousingTaxes & incentives - MediumNew York County, NY
New York high court upholds SoHo and NoHo conversion fee; Supreme Court conference October 9
The Court of Appeals held on January 13, 2026 that the $100-per-square-foot fee to convert artist live-work units to ordinary residential use is not a taking. A petition asking the U.S. Supreme Court to review that ruling is set for its October 9 conference.
In courtHousingTaxes & incentives - MediumUnion County, NJ
New Jersey appeals court bars Elizabeth from ending a mixed-use project's tax exemption by ordinance
An unpublished ruling holds that Elizabeth's repeal of three tax-exemption agreements for a mixed-use redevelopment project impaired the developer's contracts, and sends the remaining disputes to arbitration.
- MediumNew Jersey
New Jersey weighs up to 129 Opportunity Zone tracts, with housing a priority, by October 28
New Jersey will nominate new federal Opportunity Zones by an extended October 28 deadline, ranking tracts partly on housing capacity; designations would run from January 1, 2027, through 2036.
ProposedTaxes & incentivesHousing - LowHudson County, NJ
New Jersey governor vetoes bill letting Jersey City use open space trust money for its budget
On September 28, 2026 the Governor vetoed S-4513, which would have let Jersey City, the only municipality that qualified, move voter-approved open space, recreation, floodplain protection, farmland and historic preservation money into its budget for fiscal year 2027. The trust fund stays restricted.
- LowConnecticut
Connecticut nuclear bids still undecided as state prepares town opt-in host program and site grants
On September 24, 2026 DEEP said it is still evaluating nuclear proposals in its zero-carbon procurement. A 2025 law lets towns opt in to host advanced reactors and funds site readiness grants; two 2026 data-center bills were not taken up before the session ended on May 6.
ProposedEnergy & gridTaxes & incentives - HighNew Jersey
New Jersey proposes revised grid battery storage incentive rules and holds back rules for distributed storage
The notice describes how security, delay damages and incentive payments would work for large grid-scale storage projects, while rules for distributed storage await alignment with the virtual power plant program.
ProposedEnergy & gridTaxes & incentives - MediumAllegheny County, PA
Pennsylvania approves pilot letting downtown Pittsburgh office-to-housing conversions keep commercial electrical service
A Duquesne Light pilot, in effect since August 27, lets publicly funded conversions with affordable units meter apartments behind existing 277/480-volt commercial service instead of rebuilding it.
- MediumNew Jersey
New Jersey law gives towns that zone for more housing an edge for state grants
A law signed August 27, 2026, rewards towns that allow accessory units, duplexes, less parking or housing near transit with preference for state grants, road money and school construction aid.
- MediumNew Jersey
New Jersey halves AI data center tax credits and closes the program to new applicants
A new law cuts the state's artificial intelligence and data center credit pool from $500 million to $250 million; the state says the remaining credits are fully allocated.
Coming up
Funding and incentives 91
- New Jersey · NJ Housing and Mortgage Finance AgencyAffordable and workforce housing funds (State Tax Credit Subsidy Program)
- New Jersey · NJ Board of Public Utilities, Division of Clean EnergyCommunity Solar Energy Program (permanent program)
- Federal · US Department of Energy, Office of Energy Dominance Financing (formerly Loan Programs Office)DOE Energy Dominance Financing Program (section 1706)
- New Jersey · NJ Economic Development AuthorityEmerge job-creation tax credits
- New Jersey · NJ Board of Public Utilities; PSE&G, JCP&L, ACE, RECOEV charging incentives for multifamily and commercial sites: utility make-ready programs and NJBPU Multi-Unit Dwelling charger incentive
- New Jersey · NJ Economic Development AuthorityGarden State C-PACE financing
- New Jersey · NJ Economic Development Authority and NJDEPHazardous Discharge Site Remediation Fund (HDSRF)
- New Jersey · NJ Economic Development AuthorityHistoric Property Reinvestment Program
- New Jersey · NJ Board of Public Utilities, Division of Clean Energy (NJ Clean Energy Program)NJ Clean Energy Program New Construction Program (NCP)
- New Jersey · NJ Board of Public Utilities, Division of Clean Energy (NJ Clean Energy Program)NJ Clean Energy Program state-run C&I programs: Large Energy Users, Combined Heat and Power/Fuel Cells, Local Government Energy Audit
- New Jersey · NJ Board of Public Utilities; PSE&G, JCP&L, ACE, RECO, NJNG, SJG, Elizabethtown GasNJ utility energy-efficiency programs for commercial, industrial and multifamily buildings (Clean Energy Act Triennium 2)
- New Jersey · NJ Board of Public Utilities, Division of Clean EnergySuccessor Solar Incentive (SuSI): Administratively Determined Incentive (ADI) for net-metered and community solar