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Why a Lucrative Tax Break for Developers Is Likely to Die in Albany

The Guardian Express Friday, May 27, 2022 Affordable Housing, Building (Construction), Deductions and Exemptions, Real Estate and Housing (Residential), State Legislatures, Tax Credits

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The subsidy, known as 421a, has been used in nearly every big residential project over its 51-year history. It costs the city $1.77 billion annually in lost tax revenue. By BY MATTHEW HAAG from NYT https://ift.tt/ERo9yFt

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