3 ms·
The mechanism for new rent stabilized units are set asides in exchange for tax credits and/or zoning variances in new buildings. They end up costing the city a
by bradleyjg 11y ago
The mechanism for new rent stabilized units are set asides in exchange for tax credits and/or zoning variances in new buildings. They end up costing the city a lot more in forgone property taxes than residents save in rent, but nonetheless seem to keep getting renewed.