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)…
“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…
” We propose a new hybrid financing model that would combine a land value tax (LVT) and community land trusts (CLTs) to address New York’s changing fiscal environment as well…
There’s no question 421a has fueled development—nearly 117,00 units built since 2010 have qualified for the abatement. But over the past two years, the vast majority of income-restricted units were…
