Building permits are up 43% year-over-year as the new 485-x tax break takes effect. Most projects are capped at 99 units – just below the wage trigger in the new program.
An interview with Evan Rantzaklis, a senior advisor at Brown & Weinraub who led an independent expenditure that helped Dorcey Applyrs win the Democratic mayoral primary in Albany.
A rent freeze on rent-stabilized housing stock would provide a budget-neutral tool to prevent homelessness and strengthen tenants’ purchasing power as consumers.
However, the spending plan failed to meet expectations for food bank providers and left some critics skeptical it could make up for the president’s cuts.