Debate swirls over property tax exemption for real estate developers
New York’s 421-a program for constructing affordable housing, via tax breaks for developers, will expire next month unless state lawmakers extend it. Gov. Kathy made no mention of the program at an affordable housing conference on Thursday.
May 19, 6:05 PM
'They Don’t Care About Us': Low-Income Tenant In Luxury Building Says She's Been Left In The Cold
'It’s like you were given this thing that’s so great, you should just accept whatever’s coming to you.'
Nov 15, 2019 3:00 PM
Cuomo's New Affordable Housing Program Ditches Community Preferences
Under the rules of the updated 421-a program, units in the housing lottery don't have to be set aside for the likes of nearby residents, the homeless or municipal employees.
Updated: Jul 26, 2017 3:26 PM
Why Are Wealthy NYers Living In Taxpayer-Subsidized Affordable Apartments?
160 tenants who lived in the city's affordable housing units reported incomes of more than $100K.
Updated: Jun 6, 2017 4:44 PM
Cuomo Pushes Stopgap Spending Measure To Avert Government Shutdown As Budget Talks Stall
If it doesn't pass this afternoon, the state's functions could grind to a halt.
Updated: Apr 3, 2017 2:28 PM
Report: Cuomo's 421-a Replacement Would Offer Tax Breaks Even Without Rent Stabilization
A provision of the proposed 421-a replacement would make it easier for landlords to take apartments out of rent stabilization.
Updated: Jan 27, 2017 3:40 PM
Cuomo Introduces Rebranded 421-a Tax Credit Bill In Legislature
After reaching a deal to renew the 421-a tax break, Governor Cuomo's office also re-branded it as "Affordable New York."
Updated: Jan 15, 2017 4:24 PM
While Cuomo Pushes To Renew 421-A Tax Break, NYC Landlords Keep Abusing It
The city just threatened 178 buildings owners for allegedly flouting the law.
Updated: Nov 23, 2016 9:39 AM
Cuomo Reaches Deal For Proposed Renewal Of Developer-Friendly 421-A Tax Scheme
The program is supposed to create affordable housing, but yields a negligible percentage, at great cost to tax coffers.
Updated: Nov 14, 2016 5:08 PM
New York City Requires Developers To Set Aside Units For Homeless In 421-A Buildings
Buildings that got 421-a tax credits now have to set aside a portion of their affordable units for people in homeless shelters.
Updated: Nov 5, 2016 6:17 PM
Two Thirds Of 421-A Landlords Didn't File For Rent Regulation But Got Tax Breaks Anyway
Hey, what's several hundred million dollars in tax money good for anyway?
Updated: Nov 1, 2016 5:45 PM
Cuomo Shops Deal To Bring Back Developer-Friendly Tax Subsidy 421-A
It would involve subsidizing higher wages for construction workers.
Updated: Aug 18, 2016 3:55 PM
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