A key housing tax break is “dead and will not be revived,” the head of the building trades union said Monday.

Topics:  housing   revived   tax break   
BING NEWS:
  • Friend or foe? Here’s what the new tax break means for office-to-resi conversions
    “The mismatch is weird,” said one developer with experience converting offices to housing ... multifamily developments won’t pencil out without the 485x break. “Obviously,” the ...
    05/5/2024 - 9:00 pm | View Link
  • Albany’s flawed new housing tax break just killed a magnificent Brooklyn project
    Don’t believe Gov. Hochul’s so-called replacement for the 421-a tax-abatement program will spur the creation of new homes the way its predecessor did. Two of its little-recognized provisions have ...
    05/2/2024 - 12:09 pm | View Link
  • North and northwest Brooklyn top New York City in housing development over 13-year period
    The majority of the city’s housing development over the past 13 years has been in north and northwest Brooklyn, visualizations released last week show. And ...
    04/29/2024 - 3:47 am | View Link
  • Concerns grow as builder ‘desperate’ for apartments at toxic site in NYC neighborhood
    The former home NuHart Plastic Manufacturing on Dupont Street is being redeveloped — but residents worry the state Superfund site’s new remediation plan won’t do the job.
    04/28/2024 - 6:33 am | View Link
  • Will 485-x Tax Break Spur More Affordable Housing in NYC?
    To be eligible for tax exemptions under 485-x, builders will be required to set aside either 20% of the units in smaller buildings or 25% in larger ones at below market rents for people making no more ...
    04/25/2024 - 10:56 pm | View Link
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