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421-a
Latest Articles Tagged "421-a"
News
Bragg indicts developers accused of fraud in affordable housing program
Developers are accused of flouting laws under the controversial 421-a tax break.
By
Michelle Bocanegra
News
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.
By
Chau Lam
News
'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.'
By
Jake Offenhartz
News
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.
By
David Colon
News
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.
By
Rebecca Fishbein
News
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.
By
Nathan Tempey
News
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.
By
David Colon
News
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."
By
David Colon
News
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.
By
Emma Whitford
News
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.
By
Nathan Tempey
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