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 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.
After failed talks between developers and labor unions, the real-estate tax break lapsed last month, threatening the mayor’s housing plan. Who will get to shape the next version of…
The state and city have cracked down on a number of landlords who get 421-a tax benefits but don’t follow rent-regulation rules. But some reports indicate a wider problem—one that…
Mayor de Blasio saw hopes for permanent mayoral control of schools dashed at the state capitol, while tenant leaders decried Gov. Cuomo’s lack of action on their behalf.
Ambitions to kill it are dashed. Hopes to reform it are faint. The smart money is now on legislators renewing 421-a as is for a very short spell. Here’s a…
Advocates disputed media reports that efforts to reform 421-a and repeal vacancy decontrol—two priorities of Mayor de Blasio—were dead, as a report found a huge loss of affordable apartments from…
Depending on whom you ask, the 421-a tax exemption is an inexcusable boondoggle, an indispensable economic engine or a flawed but useful tool that can be salvaged. Let’s start simply:…