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New York affordable housing programme gets tax break boost

Published Wed, Apr 12, 2017 · 09:50 PM

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 rental units.

Just do not call it 421-a.

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