tax breaks Archives - City Limits

24

The city’s lawmakers and housing agency seem poised to reintroduce and pass a more affordability-focused J-51 tax program to help fix up apartments—but some housing stakeholders are lukewarm on the…

ByChris Janaro 0Comments

09

Jan 2024

Government Housing and Homelessness Land Use and Development Politics

Hochul’s Housing Approach Stirs Questions About Tenant Protections, Developer Incentives

After failing to pass her ambitious Housing Compact proposal last year, Gov. Kathy Hochul is using a lighter touch on housing—but state and city lawmakers have expressed hope for a…

ByChris Janaro

ByEmma Whitford 0Comments

15

Nov 2023

Economy Government Housing and Homelessness In Depth Labor Opinion Politics Transportation

Opinion: City Services are Tattered, and Mayor Adams is Prepared to Make it Worse

“When Mayor Adams presents his budget Thursday, consider the choices he’s made and the impact on the working class and the services they rely on government to deliver. As a…

ByHarvey Robins 1Comment

24

Aug 2023

Government Housing and Homelessness In Depth Land Use and Development

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

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…

ByNorman Oder 3Comments

25

Jun 2023

Economy Government Housing and Homelessness Opinion Politics

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

“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…

ByAustin Celestin 0Comments

06

Apr 2023

Government Housing and Homelessness Justice

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

“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…

ByEmma Whitford 0Comments

27

May 2022

Economy Housing and Homelessness Land Use and Development Opinion

Opinion: Why We Need Better Place-Based Economic Development Policies

Our elected leaders can bring about meaningful improvement in the economies of particular places through policies that address what we’ve learned from the shortcomings of the Opportunity Zone incentive and…

ByEdward De Barbieri 1Comment

31

Mar 2022

Government Housing and Homelessness Politics

Albany Poised for 421a Showdown as Budget Deadline Looms

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…

ByDavid Brand 0Comments

06

Jan 2022

Economy Government Housing and Homelessness News Politics

Hochul Takes on 421-a. Will It Be a Rebrand of the Existing Developer Tax Break?

In her State of the State plan, the governor pitched “a different kind of abatement program” to replace 421-a, which critics see as a developer-friendly policy that siphons nearly $2…

ByDavid Brand 3Comments

City Moves to Resurrect Tax Breaks for Renovations, But Housing Stakeholders Are Split