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…
Tag: housing-shortage
Hochul announces financial incentive for Gowanus affordable housing developers in lieu of 421-a
Jul. 18, 2023 By Isabel Song Beer
Governor Kathy Hochul visited Brooklyn on Tuesday to announce a series of executive actions she said would promote housing growth amid an untenable housing crisis in New York — including a specific financial incentive for developers in the recently-rezoned Gowanus area.