Dead and buried: 421a is gone. Will it ever return?

In the News

6.15.22 | The Real Deal

With the expiration of the 421a tax incentive on June 15, 2022, The Real Deal took a look at what this could mean for the future of multifamily real estate development and what kind of policies could help benefit the industry in place of the expired incentive. In the article, Berdon Partner and Co-Leader of the Firm’s Real Estate Practice, Bill Saya, provided some insight on 421a and pointed out that revamping the property tax system would require a substantial political commitment.

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