State considers moving 421-a boundaries again 

From the August issue: If the fight over the 421-a tax abatement rules seems like ancient history, guess again. The new rules enacted by the city and state last year (and bemoaned by many real estate developers) have been in place for just a month. But state legislators are already considering changes that could make many in the industry unhappier. As of June 30, the exclusion area, where developers must make a portion of their new projects affordable to moderate-income households in order to receive tax breaks, was greatly expanded beyond central Manhattan and Williamsburg/Greenpoint to include all of Manhattan and many neighborhoods within the other four boroughs. Brooklyn received the greatest expansion.