E.g., 11/17/2019
E.g., 11/17/2019

The ANHD Blog raises the profile of our issues, and educates our member groups, city decision makers, and the general public on our core issue areas. The ANHD Blog offers sharp, timely and effective commentary on key public policy issues, as well as our work and the work of our member groups.

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ANHD Statement on 421a

January 15, 2016

"The failure to reach a deal to continue the 421a developer tax break will have a significant impact on the construction of new market-rate housing. It will also have a substantial impact on Mayor de Blasio's laudable affordable housing development housing goals."

"The failure to reach a deal to continue the 421a developer tax break will have a significant impact on the construction of new market-rate housing. It will also have a substantial impact on Mayor de Blasio's laudable affordable housing development housing goals. While the long-term suspension or elimination of 421a would require the City to revamp many of the current housing programs, such as Inclusionary Housing, which are structured to incorporate the tax break, it is also a chance to step back from the 421a model that we have lived with for the past four decades, and instead consider going back to the drawing board to create a new program that rebalances developer incentive with public benefit."

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