REBNY predicts “Nearly a quarter of a million units are going to be in financial distress.” — this is a political scare tactic, but it the event it is true, tenants shd use this leverage to push for massive public investment. 250K units we can reclaim as social housing.
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We *must* eliminate 421a, which Senate finance chair predicts costs us $4B annually. A
#NYHomesGuarantee would require big public investment; 421a and its cousin 485a make that impossible.Show this thread
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