421a extension a “real threat” to affordable housing: Glen

Alicia Glen Bill de Blasio Vicki Been

From left: Alicia Glen (credit: Max Dworkin), Bill de Blasio and Vicki Been

The existing 421a tax benefit program “simply does not produce enough affordable housing to justify its expense,” Deputy Mayor for Housing and Economic Development Alica Glen told the New York City Council Monday, labeling a “straight extender” of the program as “a real threat” to affordable housing in the city. (more…)

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