News2022-12-28T15:11:25-05:00

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New York State Budget Passes with New Affordable Housing Tax Break – 485x

The New York State Legislature has replaced the expired 421a program with a new initiative called 485x, also known as the "Affordable Neighborhoods for New Yorkers" program. This new tax incentive program aims to increase affordability for tenants and raise wages for workers on construction projects that receive the tax benefit.

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