The Property Tax Reform New York City Needs

New York simply has too much, not too little, subsidized  housing.

Megan (Markham) Bucknall via Pexels.com.

Expect Governor Hochul soon to come under enormous pressure both from subsidized housing advocates and politically-wired developers to restore an expired development property tax break.  

A coalition of affordable housing progressives and politically-connected developers will push for the subsidy known by its housing code number, 421a.

Enter your email to read this article.

Get 2 free articles when you subscribe.

or
Have an account? This is also a sign-in form.
By continuing you agree to our Privacy Policy and Terms of Service.
Advertisement
The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use