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New York affordable housing programme gets tax break boost

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Mr de Blasio says that although the Affordable New York Housing Program is not as good as the 421-a, the new plan is “certainly an outcome we can live with”.

New York

IT took nearly two years, but Governor Andrew Cuomo on Friday reached an agreement with the New York State Legislature to put back together a long-running affordable housing programme, known as 421-a, that gives developers a city tax break in return for building lower-price

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