Affordable Housing Vote Today

As reported by the Observer’s Matthew Schuerman yesterday, Council Speaker Christine Quinn has reached a deal on a bill to revise the 421a program, the Lindsay-era initiative that gives developers huge tax breaks on new residential construction. Essentially, the deal preserves the controversial program while mandating that developers in some rapidly gentrifying areas (Harlem, Read More

Ratner Faces Fewer Tax Breaks


Quinn’s proposed exclusion zone is outlined in green.

Bruce Ratner’s so-called friends are about to cost him tens of millions of dollars in lost tax breaks because of a bill pending in the City Council.

The stormy debate over the 421-a multifamily housing tax incentive still has a few days to play Read More

In Today's Observer

Jason Horowitz has a story on Hillary Clinton’s Obama-inspired outreach to officials and donors, including Eliot Engel’s description of what she laid out as her winning presidential scenario.

Matthew Schuerman writes about the mayor’s evolved position on corporate welfare.

Niall Stanage reports on the celebrations in some quarters over John Bolton’s demise. Read More

Eminent Domain Loses

Ten of the 12 state referenda restricting the government’s right of eminent domain passed Tuesday, according to the Castle Coalition. No Land Grab says the two that failed (Idaho and California) were “anti-regulatory, anti-environment ballot propositions disguised as eminent domain reform.”

-Matthew Schuerman