The city’s Department of Housing Preservation and Development this week approved a rule change that bars developers receiving 421a from generating off-site inclusionary housing....

UPDATED, Aug. 23, 5:03 p.m.: New York state quietly stopped funding housing projects under the 421a and Affordable New York programs with tax-exempt bonds,...

The city’s refreshed 421a program — now known as Affordable New York — no longer gives locals the chance to apply for affordable units...

Jared Kushner’s habit of not properly filling out paperwork began years before his tenure at the White House. In exchange for receiving a lucrative...

Construction groups are concerned that the city’s implementation of the new 421a doesn’t adequately protect wage requirements on certain projects. As part of the...

The new 421a “undermines” crucial goals of the city’s inclusionary housing program, according to the Department of Housing Preservation and Development. To address the...

The city is mulling a major change to how 421a and inclusionary housing commingle, one that would prevent developers from shifting certain density bonuses...

It took a real estate gaffe for the developer-in-chief to finally sour on his princeling. Jared Kushner , dubbed “The Secretary of Everything” for...

Mayoral-hopeful Paul Massey promised Wednesday to fight alongside Gov. Cuomo to revive 421a. But it’ll likely be a solo battle because the tax break...

Union boss Gary LaBarbera is possibly Gov. Andrew Cuomo’s number one fan. The construction union boss on Thursday called the governor the “greatest” in...

Unlike the Gary Barnetts and Harry Macklowes of the world, Slate Property Group principals Martin Nussbaum and David Schwartz aren’t interested in developing the next jewel that crowns...

Real estate attorney Jay Seiden is pretty sure the city is going to muck up 421a for developers. “Nothing is ever simple,” he said...

When 421a expired in January 2016, the city’s investment-sales market had just wrapped up a banner year: $77 billion worth of commercial property traded...

Late Sunday night, when the New York State Senate finally passed a revenue bill, it put in place a $163 billion budget and revived...

We know retail is in the soup. This year, some of the biggest brands have announced mass store closures across the U.S. (J.C. Penney,...

Two years after a punt to the private sector, lawmakers voted late Sunday to revive the 421a developer tax abatement, part of the state’s...

A proposal by state legislators to keep the new 421a tied to rent regulation has been removed from the realm of legislative possibility, sources...

In January, 421a received a facelift in the form of a new name: “Affordable New York.” The rebranding didn’t quite shake the abatement’s association...

Despite reports that legislators reached a deal to revive 421a, Gov. Andrew Cuomo said Wednesday night that “differences” in opinion still stood in the...

Lawmakers have reached a deal to reinstate 421a after the abatement was set aside in protracted budget negotiations over the weekend, a report claims....