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421-a

Brooklyn
Vanderbilt Yard

State Weighs Tax Deal, Plans ‘Public Engagement’ for Atlantic Yards as Housing Deadline Nears

Norman Oder | August 24, 2023

The developer and MTA have come to agreement on the platform needed for three towers, but Greenland USA won’t proceed without a key tax break. As Empire State Development floats proposals, watchdogs warn of delays.

Economy

City’s Affordable Housing Production Saw a Boost Last Year After Prior Plunge

Jeanmarie Evelly and Emma Whitford | August 4, 2023

After dropping the year before, affordable housing production was up again during the 12-month span that ended June 30, officials said Thursday—what advocates say is a welcomed boost but still a far cry from what’s needed as the city struggles to address record-high levels of homelessness.

CITY VIEWS: OPINIONS and ANALYSIS

Opinion: New York Lawmakers Need to Consider 421-a Replacement

Austin Celestin | June 25, 2023

“421-a or any alternative’s inclusion in our toolbox to tackle the housing crisis is by no means a silver bullet, but its absence has already and will continue to hamstring our ability to respond. We cannot accept this if we want to solve our housing crisis.”

Brooklyn

Opinion: 421-a Deadline Threatens the Promise of Gowanus Rezoning

Michelle de la Uz and Rachel Fee | May 23, 2023

“Gowanus is a critical example, but there are other mixed-income projects with much needed affordable housing comprising thousands more apartments across the city—many in high opportunity communities, and all of which were duly approved through the city’s land-use process—that need the deadline extended in order to happen.”

CITY VIEWS: OPINIONS and ANALYSIS

Opinion: Bringing Affordable Housing to NY’s Market More Quickly, and Less Expensively

Michael Lappin | April 6, 2023

“A detriment to building sufficient affordable housing is the long and laborious path projects must go through to reach completion.”

Brooklyn

Developer Overcharged Brooklyn Tenants While Getting 421-a Tax Break, Lawsuit Claims

Emma Whitford | April 6, 2023

“We think we’ve identified over 1,500 421-a buildings that are out of compliance with the rent stabilization laws,” said Aaron Carr, executive director at watchdog group Housing Rights Initiative. “Whether you’re a tenant or a taxpayer you should be up in arms about this.”

Government

Housing Policy Faultlines Emerge Ahead Of Final Albany Budget Deal

Emma Whitford | March 15, 2023

The Senate and Assembly on Tuesday released their annual budget resolutions, responding to Gov. Kathy Hochul’s $227 billion spending proposal unveiled last month. They rejected the bulk of Hochul’s strategy to increase housing production statewide, while entertaining eviction protections the governor has ducked. 

Affordable Housing

Landlords Inflated Rents While Receiving 421a Tax Breaks, Lawsuits Allege

David Brand | October 12, 2022

The owners of three buildings in Manhattan, Brooklyn and Queens are accused in the suit of falsely registering initial rents with the state Division of Homes and Community Renewal (HCR) in order to charge tenants more money than legally permitted at renewal or on new leases.

CITY VIEWS: OPINIONS and ANALYSIS
A view of the Manhattan skyline and the East River.

Opinion: Let the J-51 Property Tax Abatement Die, Too 

Marty Rowland | June 30, 2022

“The governor and New York State Legislature should begin a process of discarding all property tax  abatements that primarily serve the interests of landlords and developers (not tenants), and end the  patchwork of other taxes required to make up the subsequent lost revenue from them.”

Government

New York’s Legislative Session Ends, With Mixed Results on Housing. Here’s What Passed & What Didn’t

Jeanmarie Evelly, David Brand and Liz Donovan | June 4, 2022

What exactly did state lawmakers do before starting their nearly seven-month break? Here’s a rundown.

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