City Comptroller Brad Lander and a group of local leaders gathered in front of a Brooklyn luxury development Wednesday and called on Albany to end the controversial property tax break program known as 421-a, citing the need for a broader property tax fix that generates more deeply affordable housing.

“The program is indefensible. It is a huge giveaway for developers for just a tiny handful of actually affordable units,” said Lander, pointing to a report concurrently released by his office, which found that the vast majority of New Yorkers cannot afford most of the so-called affordable units created since 2017 under the $1.7-billion-a-year program.

The vast majority of New Yorkers can’t afford most of the so-called affordable units created under the program, Brad Lander and others said.

The vast majority of New Yorkers can’t afford most of the so-called affordable units created under the program, Brad Lander and others said. (John Nacion/NurPhoto/Shutterstock) BROOKLYN, […]

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