Sentences with phrase «benefited luxury projects»

Cuomo, in fact, scored points with real estate players by extending the 421 - a tax abatement bill that encourages affordable housing development, but also controversially benefited luxury projects such as Extell Development's One57.

Not exact matches

A special provision was added for Forest City, which allowed the affordable requirement to apply in the aggregate to the project's 16 buildings, meaning some of the buildings benefitting would be luxury condos.

There are massive problems with UK aid spending, with money being invested in luxury shopping malls in Kenya, for example, or profit - making private consultants securing lucrative multi-million pound contracts to implement projects of questionable benefit to poverty reduction.

Also, almost all of the planned projects target a severely upper class demographic — including a luxury apartment complex — and the folks who could use healthier buildings most will see no immediate benefits.