Policy Updates

  • new-york-city-skyline The 421-a real estate tax abatement which has been suspended since January 2016 has been rebranded as the “Affordable Housing NY Program” in legislation announced on Sunday by Governor Cuomo.  The 421-a tax abatement had been previously restructured in June 2015 to provide 3 options for affordable rental housing developed which were to work in […] Read More
  • nycha-olatoye-meeks “What I’ve heard is that the tax credit pricing is only committed to through December 31, and what we’re hearing in a lot of affordable housing projects is, because of tax reform at the federal level, a lot of investors aren’t willing to hold their pricing,” Rachel Fee, executive director of the New York Housing […] Read More
  • tapestry_32x36_300_lr New York Housing Conference teamed up with NYSAFAH for this Crain’s New York op-ed pushing for the release of promised affordable housing funds, the delay of which puts at risk the loss of thousands of new affordable housing units. This $2 billion, promised in a memorandum of understanding, or MOU, represents an unfulfilled piece of […] Read More

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