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New York governor strikes deal to revive affordable housing

Saturday, November 12, 2016 - 05:50

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The framework could still fall apart, as did a deal worked out by the Cuomo administration in August, because it requires legislative approval. Adding to the uncertainty, some of the city's more prominent developers have not embraced the deal.

New York

FOR the second time in three months, Governor Andrew Cuomo has forged a deal with developers and union construction officials to revive a programme designed to create apartments for poor and working-class New Yorkers. But will it get done?

The programme, known as 421-a,

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