“Reimagining 421-a as an engine for affordable housing was a well-intentioned but doomed idea. We’ve amended it again and again over four decades, trying to mold a program that was designed during a construction drought into one that makes sense during a construction boom. The geographic exclusionary area should do just that—exclude luxury neighborhoods from cashing in on 421-a.” -Margaret Newman, MAS Executive Director
An interactive visualization (above) maps the impact of one of New York City’s most expensive housing incentive programs, building by building across the city. This data is accessible to the public for the first time, thanks to MAS’s work in tracking down and merging data from the Department of Finance, the Department of Housing Preservation and Development, the Department of City Planning and the City’s Independent Budget Office.