421a’s got a new name: ‘Affordable New York’

421a is deader than ever. But that’s just because the forthcoming bill to revive the developer tax cut, which costs the city over $1 billion in property tax revenue annually, won’t be called 421a anymore. “We call it ‘Affordable New York’,”Gov. Andrew Cuomo said in a Sunday morning radio interview with developer and grocery mogul John Catsimatidis, according […]

Government brief: City Council passes new landmarks rules, de Blasio’s “megatower” plan stalls … & more

From the July issue: City Council votes to streamline landmarks process In response to mounting criticism of the city’s landmarks process, the City Council has passed a bill that imposes deadlines on the Landmarks Preservation Commission’s public review process. The new law, Intro 775-A, will force the commission to vote on landmarking a building or site […]

Albany’s lack of action may put more than 1,300 affordable housing units in NYC-area at risk: NYSAFAH

When Gov. Andrew Cuomo and the State Legislature agreed last month to only release $150 million for affordable housing, they imperiled nearly 3,000 affordable and supportive housing units, according to a trade group that represents affordable housing developers. The New York State Association for Affordable Housing (NYSAFAH) released a survey on Tuesday of developers and housing agencies that found […]