New York City’s housing needs are drastically different from those of the 1970s when 421a launched, with our housing market experiencing unforeseen pressure. There’s no doubt the program can be ...

The real estate industry and construction unions are chipping away at an agreement to replace the property tax break 421a. The Real Estate Board of New York and the Mason Tenders District Council have ...

The past two mayoral administrations have both highlighted the importance of housing affordability, yet little has actually been done to create affordable housing. One of the few initiatives that has ...

In the months leading up to a state-imposed negotiations deadline in January, the Real Estate Board of New York and union leaders came tantalizingly close to coming up with a deal to renew 421a, the ...

For those who want to see New York City revive and thrive, the impending demise of the 421a housing-construction abatement, known by its section of state law, may seem like a blow. The annual $1.8 ...

The tax exemption known as 421a expired in 2022. A fight over its replacement, called 485x, could have major implications for the city’s future. By Mihir Zaveri Nearly every debate about New York’s ...

A group of 23 mostly black and Latino state legislators are calling upon the development and union interests hammering out a new 421a tax abatement deal to include a requirement for hiring women- and ...

It’s been five years since the last fight over New York City’s most controversial development tax break — 421a — and developers are already preparing for the worst when the current version of the tax ...

I recently purchased a new construction 3 family. It was built attached to another 3 family. I’ve owned it for about 5 months. The developer told me that he is trying to complete a tax abatement, ...