This post has been read 1379 times!
April 25, 2015- The Post reports, ““If it was a different time in Albany, frankly, and Albany was a little bit more stable situation, I would normally take these negotiations to Albany and try to work it out among the parties,” Cuomo told business leaders at an Association for a Better New York breakfast.
“Albany has a lot going on right now, let’s say.”
He was responding to a question asked about the fate of the 421-a tax abatement program for developers and the law covering rent stabilization.
Both lapse on June 15.
Tenant advocates are demanding an end to 421-a, which they claim is a giveaway to developers even though it produces units for affordable housing.
Cuomo said even those who support the program — developers and the carpenters union — are at odds over some provisions.
“Everyone who has been watching the situation here [in Albany knows] to have these finer negotiations on these delicate points is going to be problematic this year,” said Cuomo.”
With Sheldon Silver gone, 421a law’s future is even more unclear