Real Estate Industry Joins 421a Air War

With the clock ticking in Albany and the rent laws set to expire next month, a new coalition led by downstate real estate interests is launching a multimillion dollar campaign in favor of a “revised” version of the controversial 421a tax abatement program it insists will result in more affordable housing in New York City.

The Affordable Hosing and Local Jobs Now Coalition’s campaign features a TV ad, which will start airing on broadcast and cable stations in NYC and Albany today, as well as radio and paid digital ads.

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