New York State's replacement for the 421-a tax credit, a re-branded version of the program named Affordable New York, won't include any units set aside for local residents, the homeless, New York City employees, the disabled or military veterans, according to a new report.

The Affordable New York program is similar to the 421-a tax credit, except that this one offers a property tax abatement for 35 years instead of 25 years and keeps the percentage of affordable apartments in a building in the program for 40 years, up from 35 years. Another key difference, Crain's reports, is that developers won't have to include "community preferences," which usually meant half of the units set aside for locals who resided in the Community Board zone where a building went up, in addition to smaller percentages for people like military veterans and municipal employees.

The de Blasio administration also required developers receiving the credit to set units aside for residents who were recently homeless. It's unclear who removed the community preference rules surrounding the new tax credit program—the governor's office denied that they were behind the change.

Crain's noted that the Department of Housing Preservation and Development could still make their own rules about community preference under 421-a, and that this doesn't impact city-funded affordable housing developments, as 421-a is a state program.

Mayoral spokesperson Melissa Grace didn't comment directly on the missing community preference language but did tell Gothamist that the mayor's office "will continue to use the community preference as a critical anti-displacement measure in the affordable housing development that the City is financing at record pace."