Study Finds Nearly Half of All Low-Income Units Created Under de Blasio Used 421-a

According to a recent report by the Real Estate Board of New York (REBNY), 42 percent, or 5,885 of the 13,755 low-income units built in 2014 and 2015, were aided by the 421-a program. That study included 156 projects that were either all low-income or mostly market-rate, with about one-quarter of the units set aside as low-income housing.