421-a showdown Wednesday

There’s a “showdown vote looming” in the City Council. Wednesday, the body will vote on changes to the 421-a tax abatement program advocated by Speaker Christine Quinn and Mayor Bloomberg. Some say Quinn’s proposal, which requires developers seeking tax relief in certain “hot” neighborhoods to include affordable housing in their developments, does not go far enough to foster affordable housing. more [NYDN]
421-b changes also sought more [Sun]