{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Radio Chatskill","title":"Ulster County Moves to Block Short-Term Rentals From ADU Tax Break","html":"","width":"100%","height":180,"duration":245,"description":"Ulster County Executive Jen Metzger has signed a law granting tax incentives for residents who build an accessory dwelling unit on their property, but not without reservations. She wants to amend the law.Metzger, a Democrat, says the law grants county residents a real property tax exemption on the portion of their increased property value resulting from an ADU. It’s tied to a state tax law aimed at encouraging ADU construction and increasing local housing stock. The exemption is capped at $200,000, lasts for five years, and gradually decreases every year after that.But Metzger already wants to amend the law, because she says the county legislature removed language preventing the tax-exempted ADUs from being used as short-term rentals.“This tax incentive is not meant as an incentive to add short-term rentals. We don’t need an incentive for that,\" she tells WAMC. \"This is an incentive to encourage permanent housing solutions for our residents.”Ulster County, like much of the region and state, is struggling with a housing crisis. Housing advocates say the short-term rental market is exacerbating the shortage by snatching up would-be homes and apartments and turning them into vacation rentals and Airbnbs. In 2024, the median cost of a home was more than $300,000 in every county in the Hudson Valley, according to the nonprofit Hudson Valley Pattern for Progress.Groups like Pattern for Progress stress that New York will need to build all types of housing in order to best address the shortage and bring prices down, but Metzger says ADUs are among the fasted and cheapest types to build. Communities like Kingston and Rosendale have amended their zoning codes in recent years to clear hurdles for property owners. ADUs can range from small, separate “in-law cottages” in your backyard to apartment units above a garage. Metzger estimates they cost anywhere from $100,000 to $200,000, and the county is preparing to launch a third round of grants for aspiring ADU owners this...","thumbnail_url":"https://img.transistorcdn.com/q7XXsnSXT_u4mZLCn3chUorwDmUD_kWiB272D6emB18/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80N2Uy/OGY5MWUwZThkYTEw/NDVkZGM2ZGZkZDIw/ZjliOS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}