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