421-a
With 421-a Maneuver, Pacific Park Developer Could Save Buyers $50 Million More in Taxes
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To sell 550 Vanderbilt luxury condos, they’d piggyback onto affordable building well down the block.
To sell 550 Vanderbilt luxury condos, they’d piggyback onto affordable building well down the block.
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While I applaud the larger conversation taking place around homelessness in New York City and how to prevent it, we need to broaden the discussion to include citizens who are living paycheck to paycheck.’
It’s just one parcel in a city undergoing dramatic development. But here is the view from the Lower East Side on what the departure of a neighborhood supermarket means.
Er, we mean the ‘Affordable New York Housing Program,’ of course.
Legislators largely from outside the city are about to spend our local tax dollars on a plan hatched by developers and unions. And that’s not the weirdest part.
Plus, talk of the landlord crackdown, new money for public housing, smoking and the latest on proposed rezonings.
certain 421-a buildings in Manhattan would pay on average an hourly wage of $60, including wages and benefits, for construction workers while those in Brooklyn and Queens would pay $45.
Gov. Cuomo’s $20 billion housing plan remains undefined, 421-a is still dead and proposals to alter rent regulations or repeal a cap on building height look unlikely to move.
Gotham Gazette and City Limits take a fair and balanced approach to running through the week’s biggest housing stories.
Gotham Gazette and City Limits review the week in housing policy news, from the Democratic candidates touring NYCHA buildings, to Mayor de Blasio winning another vote in favor of rezoning.