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This month in real estate history
1955: J-51 predecessor introduced in Council
![Mayor Robert Wagner signing a bill into law](https://static.therealdeal.com/wp-content/uploads/2014/10/wagner.jpg)
From the October issue: Mayor Robert Wagner’s office introduced legislation providing a tax abatement and exemption for landlords upgrading heating systems in old apartment buildings in the City Council 59 years ago this month.
The plan targeted the city’s so-called “old-law” tenements, or apartments constructed before 1901. The impetus was to convert heating from room units that often used kerosene, to safer, building-wide systems. [more]
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