De Blasio’s campaign is dead, and real estate is happy
New York’s real estate community has long had a complicated relationship with Mayor Bill de Blasio, and industry leaders...
Bill de Blasio
Bill de Blasio is the 109th mayor of New York City. He was born on May 8, 1961, in Manhattan, and received a bachelor’s degree from NYU and a master’s degree from Columbia University. De Blasio took office on January 1, 2014. Prior to serving as mayor, he was a Public Advocate and member of the New York City Council from the 39th District.
Bill de Blasio Q&A
How has Bill de Blasio impacted New York's real estate market?
The City is the biggest landowner in New York, so de Blasio's leadership and politics can influence real estate markets. Mayor de Blasio's plans to increase affordable housing units have caused controversy in New York, with some claiming it supports gentrification. Throughout his mayorship he has dealt with issues surrounding NYCHA. He supported the effort to renew the 421-a tax abatement program, which offers developers a tax break when they include affordable housing units in their projects.
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