Harlem Council hopeful criticizes 421-a tax break at 421-a building ribbon-cutting
vented criticism for an expired development tax break at an event where he coronated a new building the policy helped create.
“If what I have understood to be correct, this is really affordable housing,” Taylor said in his opening remarks.— nine total — at rent levels for those making 130 percent area median income, which boils down to over $2,300 per month for a one-bedroom apartment, according to its developer Joseph Goodman, the principal at Haussmann Development.
“It’s a bitter pill. It looks like it’s more beneficial for developers than the average person,” Taylor said. When asked if that applies to the 130 percent AMI units in the building he had just celebrated, which used thethat creates the largest number of affordable units at the highest eligible rent, Taylor resumed praise for the building.
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