The State Legislature is unlikely to renew the 421a subsidy, which for decades has benefited nearly every large residential real estate project in the city.
Source: New York Times
New York’s Most Generous Tax Break Could Bite the Dust
Published in Income Inequality, New York City, Real Estate and Housing (Residential), Summer (Season), Swimming Pools and Tax Credits, Deductions and Exemptions
More from Income InequalityMore posts in Income Inequality »
- They Were Building a Homeless Shelter. But the Land had a Grim Past.
- The Elusive Dream of Owning a Home in New York City
- Is Homeownership Slipping Even Further Out of Reach for New Yorkers?
- Most NYC Job Postings Must Include Salaries Starting in November
- New York Public Library Ends Late Fees, and the Treasures Roll In
More from New York CityMore posts in New York City »
- Front-page steals: 25+ editor favorites now on Prime Day sale
- Cal Raleigh leads power show as Mariners take control of ALDS against Tigers
- Charge up, and save more with up to 46% off Anker during October Prime Day
- Oct. 7 Anniversary Arrives During Heated Final Stretch of Mayor’s Race
- As Trump’s Justice Dept. Pursues His Enemies, an Ally Goes on Trial
More from Real Estate and Housing (Residential)More posts in Real Estate and Housing (Residential) »
- In Ashes of Amazon Fight, Tensions Emerge in Huge Bet on N.Y.C. Housing
- NYC Elections Board Rejects Council’s Push to Keep Housing Measures Off Ballot
- New York Governor Seeks to Address Housing Crisis With Stopgap Measures
- Homes for Sale in Manhattan and on Staten Island
- Hochul and Adams Envision ‘New New York.’ Getting There Is the Trick.
More from Summer (Season)More posts in Summer (Season) »
More from Swimming PoolsMore posts in Swimming Pools »
More from Tax Credits, Deductions and ExemptionsMore posts in Tax Credits, Deductions and Exemptions »
- New York Governor Seeks to Address Housing Crisis With Stopgap Measures
- NYC Landlords Charged with Defrauding Tax Break Program
- What to Know About Penn Station’s $7 Billion Redevelopment Plan
- N.Y.C.’s 421a Tax Break for Housing Development Will Likely Expire
- Supreme Court Won’t Hear Case on Limit to State and Local Tax Deductions
Be First to Comment