The end of New York state’s 421-a tax exemption program that’s credited with playing a part in the city’s residential projects has led to a big drop in filings for apartment building construction, an industry lobbying group said.
New York’s Apartment Building Applications Plunge Since End of 421-a Tax Break
Majority of 2022’s Proposed Units Through November Were Filed in First Five Months of the Year
By Andria Cheng
CoStar News
January 10, 2023 | 10:25 P.M.
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