Adams, Hochul Hype New Tax Breaks To Boost Affordable Housing Boom
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NYC Mayor Eric Adams and NY Governor Kathy Hochul today celebrated new numbers for the 421-a extension tax incentive program to help build tens of thousands of critically needed affordable housing units. The New York City Department of Housing Preservation and Development (HPD) received Letters of Intent for approximately 650 buildings, representing about 71,000 new homes, including…
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