The housing deal that wasn't
June 21st, 2012
Last night a deal on housing legislation came together between the Assembly and Senate that would have extended the controversial J-51 tax abatement until 2015 without making any changes to it, as well as making changes in the housing code for loft tenants.
The deal looked like it was going to become reality when Gov. Andrew Cuomo said earlier today that he might issue messages of necessity but the governor has seemingly changed his mind and therefore the deal is dead, for now. Of course, anything can happen in Albany: legislators could hang around to pass the bill or return later this year.
Michael McKee of Tenant’s PAC sees that as a good thing. “Its a complete sell out and I am shocked to see some of the Assemblyman who have signed their names to it.” The legislation is sponsored in the Senate by Sen. Martin Golden and in the Assembly by Assemblyman Vito Lopez.By David King on June 21, 2012, 8:21 pm
In category: Albany,Eye on Albany,Housing | Comments Off