Screenshot from the advertisement (credit: Affordable Housing and Local Jobs Now)
The Real Estate Board of New York is going to bat over 421a with a new advertisement aimed at discouraging lawmakers from including a prevailing wage requirement in the package.
The 421a tax abatement program expires on June 15, and whether it will be amended or renewed at all is still up in the air. Union groups have been advocating for any extension of 421a to include a requirement that projects benefiting from the program adhere to a prevailing wage requirement, according to Capital New York. (more…)
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