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Gov. Hochul says 71,000 new apartments in pipeline thanks to extension of 421-a deadline • Brooklyn Paper

Summary by Brooklyn Paper

Gov. Kathy Hochul announced Wednesday that an estimated 71,000 new apartments will be added to New York City’s housing stock after she extended the deadline for the 421-a affordable housing tax break. The extension allows for an additional six years to complete projects already in the pipeline, which includes more affordable units. Speaking at a press conference in Williamsburg on Oct. 16, Hochul said the Department of Housing Preservation and D…

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Gov. Hochul says 71,000 new apartments in pipeline thanks to extension of 421-a deadline • Brooklyn Paper

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