With time running short, developers and labor will take another crack this week at trying to cut a deal to extend an expiring affordable housing tax break known as 421 - a. (nystateofpolitics.com)
This amount is almost double the entire discretionary budget for the Department of Housing and Urban Development, even before considering other housing tax breaks like the property tax deduction and the $ 500,000 exclusion for gains on home sales. (crfb.org)
For example, when commission investigators sought to review political donations and communications by the Real Estate Board of New York — a trade group whose members include some of Cuomo's biggest donors — in an effort to connect the dots on a valuable housing tax break, the governor's secretary reportedly instructed commissioners not to subpoena the organization. (reinventalbany.org)