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‘Affordable housing’ wins will vanish if NY Legislature doesn’t replace 421a

Por: New York Post Opinion November 25, 2022

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All the cheers as the $2 billion Innovation QNS proposal  in the City Council will fade if the plan falters because state lawmakers refuse to replace the expired 421a tax-exemption, which New York’s left all-out opposes. While the deal aims to create about 3,200 apartments, 45% of them affordable, in southern Astoria, it rests on the assumption that the state will create some realistic new form of the 421a affordable-housing tax break to... + full article



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