Reforms to New York’s 485-a real estate subsidy went into effect on January 1, 2021. Lawmakers gutted them six months later.
Tax break for mixed-use development has been abused to force property owners and renters to pay taxes for luxury lofts
We exposed Nick Sinatra’s $1.2 million in back taxes earlier this year. The developer just got millions of dollars in subsidies to build in Canalside, even though he’s behind on his taxes again.