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Tag: benderson

New York lawmakers gutted reforms to widely-abused real estate subsidy immediately after enacting them

by Rob Galbraith
June 15, 2022

Reforms to New York’s 485-a real estate subsidy went into effect on January 1, 2021. Lawmakers gutted them six months later.

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Wealthy developers cash in as cost of Buffalo tax break rises to $66.9 million

by Rob Galbraith
November 7, 2019

Tax break for mixed-use development has been abused to force property owners and renters to pay taxes for luxury lofts

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