Commercial ObserverArticle
The Developers Trying to Make New York’s 485-x Multifamily Incentive Work
It’s become fashionable in New York City commercial real estate to bash the state’s 485-x program, which provides tax incentives for new residential development in certain areas of the five boroughs in exchange for including affordable housing. The criticism revolves around 485-x’s higher construction wage…
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Provenance
- Publisher
- Commercial Observer
- Obtained from
- Commercial Observer
- Published
- Jul 27, 2026
- Last updated
- Jul 27, 2026 (today)
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