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Estimated Cost to New York City of Governor Cuomo's Proposed Affordable New York Housing Program

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Governor Cuomo's latest proposal for reviving the 421-a tax break for housing development has several new features. The Mayor's preliminary budget did not account for the potential cost of this new iteration of 421-a. How much more could this cost the city in forgone tax revenue? IBO's estimate.

Agency
Subject
Report type
  • Report
Date published
  • 2017-03-07