Death of Tax-Break Program Could Hamper Mayor de Blasio’s Housing Push

The 421-a program is set to expire on Friday, unless construction unions and real estate developers agree on the future wages to be paid on projects receiving the subsidy. In an interview, Citizens Housing and Planning Council Executive Director Jerilyn Perine noted “Without 421-a it’ll cost the government more money to provide the affordable units the’re promising. The two sides need to step back from the cliff and start focusing on how to solve the problems facing us.”