Thursday, January 29, 2015

421-a program could raise your rent

WNYC


Assembly Speaker Silver's Departure Could End Up Raising Your Rent

Wednesday, January 28, 2015

Excerpt: 
""It's a terrible deal. We spend $1 billion a year and for that we get about 15,000 affordable units," said Tom Waters, a housing policy analyst with the Alliance for Tenant Power.
But if you live in a rental, developers want you to know that ending this tax program will result in a reduction of available units, which could then increase the price of rentals."

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