Are you a condo developer? Do you want a tax exemption? HPD says you better sell all your units first

  /   January 24, 2019

When the state legislature revived the controversial 421a tax abatement in April, it drastically limited the number of exemptions available to condominium developers. And now, a new rule from the city’s Housing Preservation and Development agency will make it even more difficult for condo developers to receive the 421a benefit, The Real Deal has learned

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