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July 4, 2007

Is a 421-a revision possible?

Atlantic Yards Report

Crain's New York Business reports that "Albany insiders" say city officials have a chance of persuading legislators to change the 421-a program that offers tax breaks for housing construction but requires affordable housing in certain neighborhoods.

Presumably that would mean a veto first by Gov. Eliot Spitzer.

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Posted by lumi at July 4, 2007 9:25 AM