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

Reforms to New York’s 485-a real estate subsidy went into effect on January 1, 2021. Lawmakers gutted them six months later.
Fifteen of the most prominent real estate developers in Buffalo received between $13.6 million and $34.0 million through the Paycheck Protection Program
Anthony Masiello was hired as a lobbyist by the City of Buffalo, creating conflicts of interest with his other clients who do business with the city.
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.
Nick Sinatra is a young developer who has quickly amassed a huge portfolio of buildings in Buffalo, driving waves of gentrification in the process. We looked at the billionaire investors behind his operation.
Rep. Chris Collins has at least $3 million invested with Buffalo developer Nick Sinatra. Now he is pushing Sinatra’s brother for a federal judgeship.