… in what sounds like a $3,000 unit and someone comes and kicks them out because someone will pay $5,000. We're just seeing a lot of and good cause eviction protections. I want a 421A replacement and we've put one out going through all the details that just spends the money wisely. We just like a lot of those deals were dramatically over subsidized for the affordability that we were actually getting. That needs to be a program that deployed, deploys the tax breaks for actually affordable housing. (48:56–49:05)
CLAIM
Asserts that a replacement for the 421A program has been proposed by Brad Lander's office.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.