Real Estate

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 […]

News, Real Estate

Council committe passes jobs expansion bill for NYCHA residents

The New York City Council’s Public Housing Committee on Monday passed legislation seeking to expand the JobsPlus program to all public housing residents across the city, a pipeline officials say would boost employment opportunities and direct people to a stable career pathway. Councilmember Ritchie Torres, a Bronx Democrat who chairs […]