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How Many Units of Affordable Housing Were Built or Are Underway Through the 421-a Affordable New York Tax Exemption Program?

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While 421-a Affordable New York has expired, talks on the future of the city’s largest tax expenditure continue. IBO examined how many affordable units it created since its start through June 2021, what incomes they serve, and how many received other subsidies.

Sub title
  • New York City by The Numbers
Report type
  • Reports - Other (Consultant/Staff)
Date published
  • 2022-06-29
Calendar year
  • 2022
Required Report Name
  • Not Required