Episode Details

NYC’s housing scene is heating up with new moves to revive the 421a tax break for developers who missed the original deadline, offering a second chance if they update affordability plans before a key August hearing. Meanwhile, the new pied-à-terre tax for luxury second homes is kicking in — a step toward broader property tax reform, according to Senator Kavanagh, though not a full overhaul. On the public housing front, the city’s new progressive design-build contract is being tested at Hylan Houses, promising smarter, more flexible upgrades — and this will be the fourth such project under the new state-backed trust. And in urgent safety news, Pfizer’s old Midtown East building is evacuated after structural issues, while a NYCHA plumbing supervisor faces scrutiny over massive overtime and alleged private business ventures.

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