In 2017, the city changed its primary program for helping to get cash assistance recipients into jobs. After an initial decline, are more cash assistance recipients now finding jobs?
Following with the City Council's Safe Housing Act, the Alternative Enforcement Program was implemented by the Department of Housing Preservation and Development. The purpose of this program was to improve the conditions of the city's rundown apartment buildings. Landlords have four months to fix their rundown apartments. After those four months, the city will reinspect the building, repair it, and send the bill to the owner, who will have to repay the city.
In this new report we present the details of our latest economic forecast & projections of tax revenue and spending based on the Mayor’s Preliminary Budget for 2021 and financial plan through 2024.
With the Governor's recent proposal, the now lapsed 421-a tax break for housing is again a major focus of the public policy agenda. Despite the fact that 421-a costs the city a considerable amount in foregone tax dollars--$1.4 billion this fiscal year due to prior commitments--there has been little research examining the tax break's effect on housing prices and whether the tax benefit efficiently fosters housing development, the 421-a program's primary goal. We explore these questions in regard to condos receiving 421-a benefits.