Industrial Development Agencies Look to Dish Out Housing Tax Breaks
As the governor urges more housing, IDAs are looking to pitch in. Critics say it goes beyond their legal role.
This story was co-produced with Investigative Post and based on interviews with 30 lawmakers, officials, advocates, lawyers and developers, as well as a review of data and historical records.
“Are we gonna start helping middle class people buy cars next, you know, through IDA tax exemptions?”
After DA Sandra Doorley berated a police officer, Hochul referred her to a commission that is yet to become active — and lacks the authority to issue discipline.
A version of good cause eviction and new hate crimes are in; new taxes on the wealthy and education cuts are out. Here’s where things landed in this year’s budget.
The Assembly rejected legislation that would have sped up New York’s transition away from gas.
It’s the first step New York has taken to address its housing shortage in years — but tenant groups are fuming and real estate wants more.
New York has one of the weakest consumer protection laws in the country. This year’s state budget may change that.
Hochul’s proposed Medicaid cuts include $125 million from Health Homes, a program that connects the neediest New Yorkers with medical care, food assistance, and more.
As real estate developers resist wage guarantees and try to roll back tenants’ rights, a potential budget deal is at an impasse.
What are industrial development agencies?
The county is ready to restart real estate subsidies after a two-year pause. Residents fear it won’t fix their housing crisis.