Neighborhoods

Changing Zones: Making Room for Affordable Housing
Neighborhoods

Changing Zones: Making Room for Affordable Housing

Zoning meant to protect New York City residents is being repealed in order to make room for the Mayor’s affordable housing plan. The Presbyterian Church of St. Albans, in a contracting deal with upstate development company Trinity Associates is taking advantage of new leverage to change established zones. Together they […]

Neighborhoods, Real Estate

421-a Tax Abatement Only For Developments Paying Prevailing Wage For Construction Workers

   Developers and construction unions say the new 421a tax abatement is necessary to build new apartments in New York City — but critics disagree. “It’s extraordinarily expensive and it’s taken an inefficient program and made it more inefficient — some more affordable housing units, but mostly it’s just subsidizing […]