NYC Comptroller calls for end of 421-a tax break, estimated to cost city $1.8B in revenue this year

Mar 17, 2022 |

Brooklyn Point in Downtown Brooklyn offers 421-a benefits through 2045;  Rendering by Williams New York The controversial 421-a tax abatement program that provides a tax break to developers who set aside affordable housing at new developments should not be replaced when it expires in June, says New York City Comptroller Brad Lander. According to an analysis released Wednesday […more]

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