UP4NYC Campaign News

Posted On by

FIX 421A NOW!

 

ADDRESS INCOME INEQUALITY AND NEW YORK CITY’S HOUSING CRISIS BY REQUIRING DEVELOPERS RECEIVING 421A TAX BREAKS TO BE HELD TO A STANDARD OF GOOD WAGES AND AFFORDABLE HOUSING.

 

The 421a tax abatement program is failing to fulfill its purpose.  The policy has a become tool for tax breaks for wealthy developers, who in turn often refuse to pay their workers, the ones actually building the housing, a good wage. Furthermore, many developers are not required to build affordable housing within the developments. So, while the rich are getting tax breaks, the hard working men and women constructing the buildings are not able to live anywhere near them.

 

It is time to fix 421a by:

  • Requiring developers who receive421a tax breaks to pay workers good wages, in turn providing a pathway for working families into the middle class
  • Strengthening the421a program’s affordable housing requirement
  • Including more transparency and accountability provisions, ensuring companies receiving public dollars follow the rules

 

Public money should come with public responsibility.

TAKE ACTION!
NEWS ABOUT THE CAMPAIGN AND THE 421A TAX ABATEMENT

 

De Blasio to announce set of labor agreements for construction work on city-owned buildings

New York Daily News, June 4, 2015

 

On 421-a, choose special interests or affordable housing

Crain’s New York, June 3, 2015

 

UP4NYC Displays Tremendous Momentum In Albany

UP4NYC, June 3, 2015

 

Chorus of Construction Workers Join 421a Debate

Times Union, June 2, 2015

 

Senate Republicans take a position on 421-a

Capital New York, June 2, 2015

 

Heastie: Conference Backs Prevailing Wage

State of Politics, June 2, 2015

 

In challenge to de Blasio, Assembly introduces 421-a bill

Capital New York, June 2, 2015

 

Labor Groups Push Cuomo’s 421a Plan

State of Politics, May 29, 2015

 

Battle Over Real Estate Tax Break Opens Another Rift Between Cuomo, de Blasio

Observer, May 28, 2015