Rental Property Investor · Member since 2025 · 85 posts · 35 votes
So the ROAD Act officially kicked in at midnight, and now I’ve got a client looking at turning a brownstone in a NYC Opportunity Zone into a 4–6‑unit affordable housing project. When I ran the numbers before, the deal didn’t come close to penciling out — way too far underwater.
But with the new legislation and the supposed boost in incentives for affordable housing, this might actually shift things. It could turn a previously dead deal into something worth revisiting.
Anyone have a solid breakdown of what new opportunities or benefits the ROAD Act actually opened up? Curious if there’s anything meaningful enough to change the math on projects like this.
I have yet to read into the full details but I am curious what area of this legislation makes it worth it for him. I see you noted it boosts incentives for affordable housing, but that appears to be at the govt level not developer level.
One provision of the bill he'd like to explore is grants and forgivable loans for rehabs and renovations. While it is possible to find a distressed property in NYC at a discounted price, the cost of rehab makes the whole project infeasible. However, if there are new benefits, it may change the calculations.
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