When the state allowed the 421-a tax abatement program to expire in January, the city of New York lost a key tool for development in the city. Now scuttled developments are blaming their demise on the lack of 421-a.
"A second major affordable housing development touted as part of Mayor Bill de Blasio's citywide intitiative [sic] is in jeopardy as a result of the state's 421-a tax break program expiring," according to an article by Jeanmarie Evelly.
The development in question, Astoria Cove, "would bring some 1,700 apartments, 27 percent of them affordable, to the Hallets peninsula," according to Evelly. The project's developer, 2030 Astoria Developers, told Evelly that the project depended on 421-a, which expired in January. A separate article by Zoe Rosenberg describes the demise of 421-a and the legislative negotiations going on since then to find a replacement for the program.
Astoria Cove was touted by the administration of Mayor Bill de Blasio as an early example of his Mandatory Inclusionary Zoning policy. According to Evelly, Mayor de Blasio used the announcement of the expected demise of Astoria Cove as an occasion to call on state lawmakers in Albany to craft a replacement tax abatement program for the city.
FULL STORY: Demise of 421-a Tax Break Stalls Second Major Housing Development
A 'Housing New York' Report Card
The de Blasio Administration set lofty goals for the creation and preservation of housing in New York. So how's that going?
New York Launches New Housing Financing Initiative
The program is aimed at supporting housing projects with 70 percent or more affordable units.
New York Affordable Housing Tax Incentive Targets Suburbs
If Gov. Hochul’s proposed budget passes, the new tax abatement would incentivize affordable housing development in the state’s smaller municipalities.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
Seattle's Plan for Adopting Driverless Cars
Equity, safety, accessibility and affordability are front of mind as the city prepares for robotaxis and other autonomous vehicles.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
With Protected Lanes, 460% More People Commute by Bike
For those needing more ammo, more data proving what we already knew is here.
Urban Design for Planners 1: Software Tools
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.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)