Why 421-a Needs to be Repealed

A session by Maxwell Cabello, AM Maritza Davila, Sen. Zellnor Myrie and Rob Solano
U.S. Senate and Churches United for Fair Housing

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About this session

To discuss 421-a, a property tax abatement that applies to NYC only, and why it needs to be repealed. Some reasons include the high cost of the program ($1.6 billion/year), lack of compliance by developers, and the low level of affordability of 421-a units.

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