EST Joe Geiger’s 421-a Op-ed in Crains New York

Posted On by

“Five years ago, the 421-a tax abatement meant to incentivize affordable housing development was renewed and christened with a new name: Affordable New York. Despite the program’s $1.7 billion annual price tag, New York City remains as unaffordable as ever and the homeless crisis has reached the highest level since the Great Depression. To put it simply, 421-a has been a failure”

Read the full op-ed here.