Sentences with phrase «lucrative affordable housing tax»

Williams, who is currently focused on running for City Council speaker, said as Cuomo helped resurrect a lucrative affordable housing tax credit for rich developers, the city and state have lost thousands of rent - regulated apartments.

Not exact matches

A plan to revive a lucrative property tax break, whose expiration has sparked a long battle among developers, construction unions, affordable housing activists and politicians, will be included in Gov. Andrew Cuomo's budget this week, according to three sources familiar with the arrangement.

The effort to revive the lucrative 421 - a affordable housing tax break for developers appears doomed this year.

The three developers that are among the subjects of the subpoena all have received lucrative affordable housing grants or tax breaks from the state's affordable housing agency, the Department of Homes and Community Renewal — including some for projects that HCR staff initially scored lower than those of competitors.

Glenwood has relied on the Senate Republican conference as a bulwark for several key issues it has before the Legislature, including a lucrative tax break given in exchange for the building of affordable housing.

Multiple Assembly Democrats decried the tax credit as a lucrative giveaway to well - heeled developers, while supporters said it will lead to the much - needed construction of affordable housing in the city.

Multiple Assembly Democrats decried the tax credit as a lucrative giveaway to well - heeled developers while supporters say it will lead to the much needed construction of affordable housing in the city.

The budget also revived, with some changes, a lucrative tax credit for developers who build affordable housing.