Gotham Gazette

The Place for New York Policy and politics

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rachel fee

  • Housing Development in New York City Slows to a Crawl as Officials Debate Tax Incentives

    Housing focus (photo: Ed Reed/Mayoral Photography Office)


    Affordable housing construction in New York has declined significantly in the last few years in the wake of COVID-19 through a combination of factors including higher interest rates, inflation and supply chain instability resulting from the overall disruption of the pandemic. But a key factor that real estate developers, city and state government officials, and many housing advocates cite is the expiration of the state’s 421-a property tax exemption for the construction of affordable housing as part of larger rental housing developments.

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  • With Proposal, Advocates Attempt to Jumpstart State Affordable Housing Spending

    housing rally

    Advocates outside Gov. Cuomo's office Wednesday (photo via Coalition for the Homeless)


    Housing advocates have done a job shirked by Gov. Andrew Cuomo and legislative leaders this session and crafted a plan for how the state should spend $1.9 billion on affordable and supportive housing over the next five years.

    The governor and Legislature agreed to dedicate $1.9 billion in the April 1 budget, but negotiations on how to

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