421-a

Aerial view of large suburban homes in Rochester, New York

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.

February 7, 2023 - Crain's Business New York

Manhattan Construction

New York Affordable Housing Program Set To Expire

A program that has supported the construction of thousands of affordable units could lapse if state lawmakers don’t approve an extension or revision.

May 25, 2022 - New York Post

Pennsylvania

Developers Rush to Build in Final Days of Philly's Tax Abatement

Neighborhoods that have been stubbornly resistant to investment for decades are suddenly the scene of waves of permitting activity as the city of Philadelphia prepares to tighten its tax abatement program.

August 12, 2020 - Philadelphia Inquirer

Brooklyn Construction

Brooklyn Housing Supply Begins to Match Demand

About 6,500 apartments in 19 towers within 10 square blocks on Flatbush Avenue are expected to be available within two years, but don't expect rents to plunge. Renters should look for perks like one or more months of free rent.

August 31, 2016 - The New York Times

Construction

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?

July 27, 2016 - Politico

New York City Greenwich

Fallout Over Expired Tax Abatement Program Grows in New York City

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.

July 21, 2016 - DNAInfo

Residential Construction Still Riding a Tax-Break Surge in NYC

Big investments in residential building in New York City indicate the strength of the city's economy, according to an article in Crain's New York Business.

November 2, 2015 - Crain's Business New York

New York Construction Permits Break 50-Year Record

Not since 1963 have so many construction permits been issued. In fact, permits issued in the month of June alone exceeded the average annual total over the past two decades.

July 30, 2015 - The Wall Street Journal

Rental Construction

Sunday Funday: Game Simulates the Development Experience

Even though it's simplified, Inside the Rent provides a window into the logic of developers trying to get apartments built in New York City. The game's creators emphasize its educational value.

June 28, 2015 - Curbed NY

Op-Ed: New York's Affordable Housing More Corrupt than Helpful

A columnist takes the recent scandal involving disgraced former New York State Assembly Speaker Sheldon Silver as a particularly heinous example of how far astray affordable housing policy is from its intended goal.

February 12, 2015 - Real Clear Policy

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