A program that has supported the construction of thousands of affordable units could lapse if state lawmakers don’t approve an extension or revision.
A New York program designed to increase housing affordability could end “amid fierce opposition from lefties and ineffective pushback from City Hall’s dysfunctional statehouse operation, which has failed to reach out to key lawmakers.” As reported by Nolan Hicks and Zach Williams in the New York Post, “The 421-a program, set to expire in June, provides developers with city property tax abatements worth an estimated $1.8 billion in exchange for agreeing to limit and regulate the rents on a portion of the apartments in the new buildings they erect.”
According to former commissioner and deputy mayor Vicki Been, the program helped create around 8,000 affordable housing units in the last ten years. “All told, 421-a either partially or completely funded 4,030 of the 4,279 newly rent-stabilized apartments in New York City in 2020, figures from the Rent Guidelines Board show.” Been notes that the program has also been successful in promoting construction of affordable apartments in wealthier parts of the city, unlike units built under other programs that offer direct subsidies.
“But progressives have long had the program in their sights, angered over its very structure and provisions that allow developers to set rents for some of the apartments for households with incomes that exceed the city average by as much as 30%.” City Comptroller Brad Lander says “state lawmakers should let the program expire and embark on an overhaul of the property tax system that treats rentals more fairly, attempts at which have repeatedly failed.”
Arizona’s ‘Car-Free’ Community Takes Shape
Culdesac Tempe has been welcoming residents since last year.
4 Ways to Use AI in Urban Planning and City Design
With the ability to predict trends, engage citizens, enhance resource allocation, and guide decision-making, artificial intelligence has the potential to serve as planners’ very own multi-tool.
Oregon Town Seeks Funding for Ambitious Resilience Plan
Like other rural communities, Grants Pass is eager to access federal funding aimed at sustainability initiatives, but faces challenges when it comes to meeting grant requirements.
How Infrastructure Communicates Values
The presence and quality of sidewalks, curb cuts, and other basic elements of infrastructure can speak to much more than just economic decisions.
Despite High Ridership, Intercity Bus Lines Are Eliminating Stations
Riders on the ‘forgotten stepchild’ of the U.S. transportation system find themselves waiting for buses curbside as Greyhound sells off its real estate in many U.S. cities.
Buffalo Residents Push Back on Proposed Cap Park
State and local officials say the $1 billion project will heal neighborhoods divided by the Kensington Expressway, but community members say the proposed plan will exacerbate already poor air quality in the area.
City of Grand Forks, North Dakota
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Laramie, Wyoming
Colorado Department of Local Affairs
Lassen County Planning and Building Services
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.