Sentences with phrase «abatement program in»

Developers blame the feud for the lapse of the tax abatement program in January, which has hamstrung new projects and put a damper on the city's investment sales market.

He said negotiations failed around three major issues, including raising the age of criminal responsibility from 16 to 18, a potential cost shift from public schools to charter schools and a real estate tax abatement program in New York City.

Not exact matches

Cuomo has come out strongly in favor of the unions in the 421a debate and has made clear that he won't approve any tax abatement program unless it's deemed a «fair deal by organized labor and by the building trades.»

Similarly, Cuomo in 2011 signed Silver - backed legislation reauthorizing a then - expired property tax abatement for real estate developers called the 421a program.

It has strong positions on several issues sunsetting in June, including the 421a and J - 51 tax abatement programs as well as rent control in New York City, which developers oppose expanding.

In the months leading up to a state - imposed negotiations deadline in January, the Real Estate Board of New York and union leaders came tantalizingly close to coming up with a deal to renew 421a, the controversial tax abatement program for new developmentIn the months leading up to a state - imposed negotiations deadline in January, the Real Estate Board of New York and union leaders came tantalizingly close to coming up with a deal to renew 421a, the controversial tax abatement program for new developmentin January, the Real Estate Board of New York and union leaders came tantalizingly close to coming up with a deal to renew 421a, the controversial tax abatement program for new developments.

ALBANY — With a Monday deadline looming, state legislators introduced three bills adjusting the 421 - a tax abatement program and rent regulations affecting millions of tenants in New York City.

The state Legislature has sway over key real estate laws affecting Glenwood, including the 421 - a tax abatement program and rent regulation in New York City.

Their most recent debate is about the 421 - a program, which provides tax abatements to developers in exchange for building affordable housing.

When the contentious tax - abatement expired last June, lawmakers stayed in Albany for extra sessions to put together a deal that extended and expanded the program for another six months.

Caught in the middle are a host of issues affecting 8.5 million residents of New York City such as mayoral control of schools, the expansion of charter schools and the most recent hot - button issue between the two men — the controversial 421 - a tax abatement program.

ALBANY — With a deadline looming, Republican state senators are finally breaking their silence on the 421 - a tax abatement program set to expire in two weeks.

Upper East Side Sen. Liz Krueger echoed that the new law — as a state program proposed in the state budget — strips the city's authority to oppose projects that receive the abatement.

And those tax abatements are also available for homeowners and for small businesses in the city through seperate city programs.

Mayor Bill de Blasio has drawn the ire of the national AFL - CIO for his refusal to support a prevailing wage requirement for construction workers in a controversial tax abatement program that's up for renewal.

The State Assembly in 2007 voted to allow Forest City to take advantage of the controversial 421a program, which gives tax abatements to developers who make 20 percent of their building's units affordable, even though Ratner didn't technically qualify.

Also at 2 p.m., Sen. Tony Avella and Assemblyman Edward Braunstein officially announce the passage of legislation in the Senate and Assembly expanding the J - 51 tax abatement program for middle class co-op and condo owners, Glen Oaks Oval, 260th St., Glen Oaks, Queens.

With tomorrow's deadline looming, state legislators introduced three bills adjusting the 421 - a tax abatement program and rent regulations affecting millions of tenants in New York City.

For the city's decades - old tax abatement program for developers, 421 - a will see a four - year extension if the real estate industry and labor come to an agreement over wages for construction workers involved in those projects.

A group of City Council members, left - leaning activists and business leaders are studying some of New York City's tax break programs, such as the Industrial and Commercial Abatement Program, which are set to expire in 2016.

Cuomo insisted he can work productively with the mayor on combatting homelessness despite their long - running feud, and he said one of their biggest challenges is the expiration of the 4231 - a tax abatement program to incentivize affordable housing development in NYC.

When state lawmakers in June agreed to an overhaul of the 421a tax abatement program, Gov. Andrew Cuomo called the revisions the «best rent...

Locally controlled industrial development agencies provided at least $ 22 million in tax abatements to food companies, and discount power programs managed by the state power authority have provided discounted electricity with a minimum estimated value of $ 7.6 million.

Despite the need, the city was forced to shut down its 20 - year - old lead abatement program last year after HUD rejected a previous application for $ 3.5 million in aid to remove lead from low - income homes with children.

The 421 - a program, which expires in June and has quickly become a favorite target of tenants groups, provides a large tax abatement to developers who meet certain criteria.

With just two days until the 421 - a tax abatements expire, Capital has learned a last - ditch effort is underway in Albany to overhaul the controversial development subsidy program before the legislative session ends next Wednesday.

«Until we have a smart, effective tax abatement program that incentivizes affordable housing across market types, we'll see luxury condos being built in the hottest neighborhoods instead of the rental housing we so badly need,» spokesman Austin Finan said.

In the past 11 years, the city «wasted» at least $ 2.5 billion through the 421a tax abatement program, a new report charges.

In exchange for the payments to his son from the real estate firm and environmental firm, Dean Skelos introduced legislation to extend the controversial 421 - a program which provides tax abatements to developers and voted for legislation that allows landlords to increase rent on rent stabilized apartments.

Much of the activity is owed to developers rushing in to file new building permits ahead of the demise of New York's 421 - a tax abatement program.

«The county's takeover of the lead abatement program has not resulted in any demonstrated improvement in serving city residents,» Miner wrote.

The 421a tax abatement program is causing some trouble in paradise.

Over time, the city recovered and legislators repeatedly tinkered with the program, requiring developers in certain parts of the city to subsidize 20 percent of their units for low - and moderate - income New Yorkers in return for the tax abatement.

De Blasio's last housing fight led him in June to angrily accuse Gov. Andrew M. Cuomo of carrying out a «vendetta» when whey clashed on the mayor's efforts to amend a real estate tax abatement program and win stronger rent control laws.

In Albany, there has been talk of a straight extender of the current 421a tax abatement program, which expires June 15.

Both companies had a financial interest in Silver's work in the Legislature, particularly on the 421a tax abatement program and the perpetual debate over rent regulations.

The 421a program was conceived as an incentive for developers to build on unused or underutilized land, and was augmented in 2008 to include a requirement that 20 percent of units receiving the abatement be affordable.

The Durst Organization's Hallets Point project in Queens, which relies partly on the defunct 421 - a tax abatement program.

He praised Mayor Bill de Blasio's proposal to reform the abatement, which would require all projects receiving the credit across the five boroughs — rather than in just the 16.5 percent of the city in the program's «geographic exclusion area» — to include below - market apartments.

421 - a & Affordable Housing Money Heastie said Tuesday that there was significant agreement on the new 421 - a property tax abatement program that is meant to spur affordable housing development in the most expensive New York City neighborhoods, and that while there were still concerns, the Assembly would pass Cuomo's version, known as Affordable New York.

«The Commission is concerned that over-reliance on international offsets — given the practical difficulty of assuring that emissions reductions claimed in other countries are real, permanent, additional, and verifiable — could undermine program goals and political support, especially if substantial U.S. funds are leaving the country to support abatement efforts abroad rather than at home,» it states.

The Senate voted last week to add $ 29 million in funding for the Asbestos School Hazard Abatement Act to an appropriations bill that had contained no money for the program.

«Civic Art: Four Stories from South Los Angeles» was Commissioned by Los Angeles County Arts Commission Civic Art Program Open Space Graffiti Abatement Project in collaboration with Office of Supervisor Mark Ridley - Thomas, 2nd District, County of Los Angeles Department of Parks and Recreation, County of Los Angeles Public Library.

While international negotiations have focused on mitigation and adaptation, relatively little time has been spent discussing the appropriate role for CDR in international GHG abatement programs.

Urs led several large technical assistance programs for greenhouse gas abatement and carbon markets in India and Latin America.

In addition, strong CO2 abatement programs are likely to knock a percent or two off economic growth rates and, if ethanol is still a preferred tactic, will likely substantially raise food prices as well.

The Department of Commerce, in consultation with the Washington State University (WSU) Extension Energy Program, will analyze carbon reduction opportunities which may include a marginal abatement cost curve providing guidance on the cost to reduce emissions in various sectors with various technologies.

Further, if we begin such an abatement program as was desired by many environmental leaders in Bali, then these abatement costs in terms of lost growth and poverty will be certain.

The first - in - the - region Dubai Carbon Abatement Strategy 2021 details programs that integrate alternative and renewable energy to diversify Dubai's generation mix.

«The uncertainty concerning the demand for allowances is especially large at the beginning of any program,» the MIT study found, «because it reflects not only the usual unpredictable variables of economic activity, weather, and energy prices, but also, and perhaps most importantly, the amount of abatement that will take place in response to the new price on emissions.