#BanIncomeBias Bill Enacted!
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Today, Assembly Member Robert Rodriguez announced new legislation (A7092) to renew and reform the coop/condo tax abatement and redirect revenue to preserve NYCHA housing. We commend Assembly Member Rodriguez for introducing this important legislation and for advancing our legislative proposal. The coop/condo abatement costs NYC about $600 million annually. This proposal will renew the abatement for 90% of beneficiaries […] Read More
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Earlier this week New York State Lawmakers passed a $175 billion budget adopting several progressive policy changes with some notable exceptions- public housing being the glaring one. NYHC housing has been advocating for long-term capital funding for NYCHA and dedicated revenue from luxury real estate taxes. The failure of Albany lawmakers to include public housing […] Read More
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Pied-á-terres should underwrite NYCHA: Revenue from a tax on luxury second homes must be earmarked for city public housingBy Judi Kende and Rachel Fee The stars have, literally, aligned: Gov. Cuomo and Mayor de Blasio finally agree on something, and the leaders of the Legislature are behind them. New York City seems ready to follow […] Read More