10 Jan

New York’s Apartment Building Applications Plunge Since End of 421-a Tax Break

Uncategorized, January 10, 2023

The end of New York state’s 421-a tax exemption program has led to a 59% drop in filings for apartment building construction. (Getty Images)
Majority of 2022’s Proposed Units Through November Were Filed in First Five Months of the Year
Source: Costar News