Mayor calls Cuomo’s response to 421a reform “disingenuous”

Governor said last week that Bill de Blasio's proposal is too developer-friendly

TRD New York /
Jun.June 01, 2015 08:00 AM

The 421a tax abatement program is causing some trouble in paradise. Tensions are growing between Mayor Bill de Blasio and Gov. Andrew Cuomo, Capital New York reported. The governor has called de Blasio’s proposal to reform 421a “a giveaway to developers,” while the mayor said that response was “disingenuous.”

“It’s the exact opposite and I think it’s disingenuous of him,” de Blasio told reporters on Saturday, according to Capital. “Obviously the giveaway is that, for decades, the tax credit was given without any qualification.”

Later on that day, the mayor addressed the issue again, Capital reported. “I’ve seen our governor move mountains when he wants to,” the mayor reportedly said. “Here’s a chance for our governor to get something done for our families who need affordable housing. So, it’s time for him to do it, right?”

The mayor’s plans, backed by the Real Estate Board of New York, propose an end to 421a breaks for condo projects as well as a required inclusionary policy for affordable units to be built in buildings receiving the tax breaks.

The plan includes a wage requirement for all workers in subsidized buildings, but there’s no such clause requiring minimum wage for the construction workers building them, which has disappointed the unions.

Cuomo also said he doesn’t expect the mayor’s plans — which also extends the abatement to 35 years from the current 25 — to pass the state Legislature, the website reported. The tax program, as well as the state’s rent regulation laws, are set to expire on June 15.

“The city has a package that is criticized as being too rich to the developers and a giveaway to the developers, and you’re not paying the workers a fair wage,” Cuomo said last week. “That is a very bona fide discussion, and that has to be figured out, or not. And it’s very technical and it’s very controversial.” [Capital NY] — Claire Moses

Related Articles

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)

Landlords take another hit: Cuomo signs expanded Loft Law

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo wants to exempt NYC from prevailing wage bill

From left: Deputy Mayor of Housing and Economic Development Vicki Been, Sen. Brian Kavanagh (inset), Brooklyn Borough President Eric Adams, State Division of Homes and Community Renewal Commissioner Ruthanne Visnauskas (inset), Council member Keith Powers, with Governor Andrew Cuomo and Mayor Bill de Blasio (background) (Credit: Anuja Shakya, Getty Images)

Politico shows and no-shows: What public officials attended the REBNY gala?

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo rakes in real estate cash — but not from LLCs

Councilman Stephen Levin (Credit: Facebook, Getty Images)  

NYC bill would boost rental vouchers for homeless

Rep. Alexandria Ocasio-Cortez, Governor Andrew Cuomo (inset) and a rendering of LaGuardia's AirTrain (Credit: Getty Images, ANewLGA)

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project

Carl Heastie highlighted homelessness and housing affordability in remarks to open the 2020 session (Credit: Facebook, Getty Images)

Heastie drills down on homelessness, affordable housing