Mayor de Blasio’s Affordable Housing Campaign Causes Tax Credit Problems

According to Curbed NY- a website dedicated to New York real estate, rents are high as ever. Mayor de Blasio ran on campaign of creating more affordable housing. The main way that’s happened is through giving developers tax breaks if they make a certain percentage of new apartments more affordable. But enforcement has been tricky and a recent audit says the city may have given away more than $2 billion dollars in these tax credits with little to show for it. Now, Governor Cuomo has a new affordable housing on the table. Max Hauptman reports.

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