News
Opponents to the renewal of the 421-a tax credit for developers rallied outside of City Hall Thursday. (Photo: Corner Media)Tenants groups and some local officials are asking the state and city to think twice before they renew a long-standing tax credit for developers. Community-based organizations rallied outside of City
News
Photo via ballsysalzy [https://www.instagram.com/p/_U8yUoSB68/?tagged=southslope](This story was updated on 11/16/16 with a map of areas impacted by 421-a affordable housing requirements.) After lengthy negotiations, a tentative deal has been struck on a New York City tax credit which has been used
Politics
Image via Public Advocate Letitia James.The state’s laws regulating rent increases and eviction policies for the more than two million New Yorkers who live in rent-regulated housing — including thousands of our neighbors [/blog/2015/02/02/local-pols-slam-city-property-tax-exemption-program-saying-fuels-gentrification/] — expired Monday night after Albany lawmakers could not reach an agreement
421-A property tax exemption program
The potential sunset [/blog/2015/02/02/local-pols-slam-city-property-tax-exemption-program-saying-fuels-gentrification/] of the city’s 421-A property tax exemption program [http://www.nyc.gov/html/hpd/html/developers/ahp.shtml] has many real estate developers putting a rush on construction projects in an attempt to capitalize on the program’s benefits — a reduction
Politics
Councilman Jumaane Williams at the hearing he led Thursday on the 421-A property tax exemption program. (Photo by William Alatriste/NYC Council [https://www.flickr.com/photos/nyccouncil/16398315345/].)Local legislators slammed the city’s 421-A property tax exemption program [http://www.nyc.gov/html/hpd/html/developers/ahp.shtml]