Cuomo Strikes Deal for Possible Revival of 421-a Program
Governor Andrew M. Cuomo has reached a deal with developers and union construction officials to revive the 421-a program. The program expired in January. It grants cuts in property taxes to developers who set aside subsidized apartments for low-, moderate-, and middle-income families or individuals in their otherwise luxury projects. It is a city program governed by state legislation.
Full Article Access:
Full access to complete articles from New York Apartment Law Insider is for subscribers only.
- If you are a subscriber, Log In Now
- If you are interested in subscribing, Learn More
Not yet ready to subscribe?