Real Estate and Urban Planning

Introduction to Impact Fees and Exactions Impact fees and exactions are essential financial tools utilized in urban development and land-use regulation to mitigate the effects of new construction on public infrastructure and services. These charges are imposed on developers to fund the public costs associated with increased demand for government facilities and services resulting from […]

Introduction to Impact Fees and Exactions Impact fees and exactions play a critical role in urban development within New York, forming a financial mechanism designed to address the costs associated with new construction. An impact fee is essentially a charge levied by governments on developers to mitigate the financial strain their projects may impose on