Sentences with phrase «renewal of the abatement»
But Gov. Andrew Cuomo said that any future deal leading to a permanent renewal of the abatement must include some form of prevailing wage requirement for construction workers on projects benefitting from 421a — namely buildings with more than 15 units.
https://therealdeal.com/ Not exact matches
The mayor sought an expansion of affordable housing under an abatement renewal and did not include a prevailing wage component, but for service workers.
As Democratic Mayor Bill de Blasio continues to push for his version of the renewal of the 421a tax abatement, Assembly Speaker Carl Heastie on Tuesday reiterated the support of his conference for a prevailing wage component.
The governor explicitly linked the renewal of rent laws to the 421a tax abatement.
ALBANY — Hundreds of construction workers rallied on the steps of the Capitol on Tuesday, blasting the mayor of New York City and urging state lawmakers to attach a prevailing wage provision to any renewal of the 421 - a tax abatement program.
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.
Wright is also the chairman of the influential Assembly Housing Committee and has backed legislation that would include a prevailing wage component in the 421a tax abatement renewal.
Speaking to the New York state AFL - CIO on Monday, Gov. Andrew Cuomo pushed for the renewal of the 421a real - estate abatement, saying it must include a prevailing wage provision in the «union town» that is New York City.
A coalition of business entities ranging from the Business Council to Unshackle Upstate are pushing back against an effort to include a prevailing wage component in the renewal of the 421a tax abatement.
The debate over the abatement has been a source of consternation for both Cuomo and New York City Mayor Bill de Blasio, who's version of the renewal plan includes an expansion of affordable housing, but not the abatement.
Attorney General Eric Schneiderman in a radio interview on Monday knocked the «opaque» process in the end - stage negotiations on the extension of rent control and the renewal of the 421a tax abatement.
The contributions to the PAC come talk of a revived 421a abatement provision, which lapsed earlier this year when real estate groups and construction labor unions failed to reach an agreement on a prevailing wage measure in the renewal of the law.
Manhattan Assemblyman Keith Wright, chairman of the Housing Committee, declared last night that he would not consider renewal of the controversial 421a tax abatement for developers unless the real estate - friendly Republican State Senate agrees to strengthen rent laws.