New York City Mayor Adams and NY State Governor Hochul Announce New Tax Incentives to Build 71,000 Affordable Housing Units in NYC
On October 16, 2024, New York City Mayor Eric Adams and Governor Kathy Hochul celebrated the success of the extended 421-a tax incentive program, which aims to construct tens of thousands of affordable housing units in the city. The New York City Department of Housing Preservation and Development (HPD) has received Letters of Intent for…