New York state’s 421-a tax exemption program that’s played a part in New York City’s residential projects is set to expire Wednesday, creating uncertainty in a real estate market that’s already struggling to address a shortage of affordable housing.
Why the Expiration of New York’s 421-a Tax Exemption Is Stirring Debate
End of Criticized Program May Stall Multifamily Development as Costs Rise
By Andria Cheng
CoStar News
June 15, 2022 | 12:57 AM
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In