"Just 1% of proposed developments that have registered to use the tax break have 100 units or more ... Several proposed 99-unit buildings are clustered on the same lots and share a common facade so that they appear to be a single, larger building." !!!
@smaldo.bsky.socialSome say buildings with 99 apartments are exploiting a loophole to get access to a tax break for build housing, while others say it’s a rational approach to the constraints imposed.
www.thecity.nyc/2026/05/07/a...
thecity.nyc
99-Apartment Loophole Brings 99 Problems for Affordable Housing in NYC
A new tax break for developers has spurred a rash of buildings with exactly the same number of apartments — and no more.