We got some quotes from today’s rally at City Hall on 421a housing subsidies, calling for full-scale reform of a Lindsay-era program that grants tax abatements to most new apartment buildings, even luxury condos. The message that low-income advocates are pushing is debatable–421a subsidizes gentrification–but it is pretty powerful given today’s Zeitgeist (and New York Times). Witness Melissa Mark Viverito, an East Harlem council member:
Lobbyists for the big real estate firms were swimming in the crowd, we hear, trying to gauge how big the waves will be.
The Mayor’s 421a task force is meeting for what is supposed to be the last time this afternoon and will report out in a few days.