Tag: construction-deadline-extension

Gov. Hochul says 71,000 new apartments in pipeline thanks to extension of 421-a deadline

kathy hochul 421-a announcement

Oct. 16, 2024 By Adam Daly Gov. Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the pipeline, including…