Legislators Reach Deal to Extend Rent Laws, Overhaul 421-a Program

On June 25, Governor Cuomo and leaders of the New York State Legislature agreed to strengthen the state’s rent regulations and to overhaul the 421-a tax abatement program. The legislative session had been originally scheduled to end on June 17, but negotiations continued into the following week. The Assembly voted 122 to 13 to pass the legislation, while the Senate passed it 47 to 12.

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