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 […]
Author: Victoria Edwards
Developer Martin Dunn Wins Big Under Mayor’s Affordable Housing Plan
Developer Martin Dunn has come a long way since he was fired from his post as executive director of the East New York Urban Youth Corps in 1998. These days even his former boss Winchester Key can’t say anything against him. Key was chairman of the East New York Urban […]
Sherman Plaza Defeat Could Have Ramifications For The Rest of De Blasio’s Affordable Housing Plan
Mayor Bill de Blasio has been getting serious blowback in trying to build affordable housing in the city. An upzoning bid shot down by the City Council in northern Manhattan, is the latest in a slew of community hurdles that he is facing in trying to increase the city’s stock […]