Steven Spinola on 421-A
March 27, 2015
Once the state budget is finalized, one of the biggest remaining issues in Albany will be New York’s expiring housing laws—including the controversial 421-a tax credit.
While critics say that the program primarily benefits developers of luxury housing, a recent report from the Real Estate Board of New York argues that allowing the credit to lapse would substantially reduce the creation of affordable housing units in New York City.
Read more and watch the video
