Let Guardian Help You ... 421-a Deal

421-a deal brings more anxiety for real estate developers

For months, real estate developers across New York City have been on edge, growing more anxious as the weeks ticked past. The source of their unease? Renewal of the 421-a tax incentives—a program that provides the underpinning for virtually all rental housing production in the five boroughs—was caught in Albany gridlock.

That dynamic might have ended last week with a last-minute accord between lawmakers, an all-smiles press conference and, on Friday, a signature from Governor Andrew Cuomo. But developers are still worried—some, perhaps, moreso now.

Curious to know how this will impact you? Reach out to a Guardian Service Industries expert and we will help you understand. Request a consultation.

Kristopher J. Patterson

P: 646-442-8985

E: kpatterson@guardian-service.com

W: www.guardian-service.com

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