Many of our clients have asked us how they can avail themselves of the state’s revamped 421-a tax exemption program — the Affordable New York Housing Program 1 — on a project that is also subject to ...
Mandatory Inclusionary Housing, one of New York City Mayor de Blasio’s signature housing initiatives, is a bust. As politically appealing as MIH was in principle, it has failed to deliver in practice.
975 Liberty Ave, Brooklyn, one building shaped by the MIH program. The de Blasio administration’s mandatory inclusionary housing mechanism became law in 2016. When the mayor ran for president last ...
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