Albany city officials would like developers to build housing that more people can afford. To that end, the city council is talking about taking three steps, one of which is enacting an excise tax on new construction.
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Tags: affardable housing, Community Development Commission, construction excise tax, housing, housing implementation plan, low income tax abatement
Tags: affardable housing, Community Development Commission, construction excise tax, housing, housing implementation plan, low income tax abatement
Next in Albany: A tax on new construction
Hoping to promote less expensive housing, one of the first things the new Albany City Council will do next month is to add a city tax on new construction valued at more than $50,000.
Tags: Albany housing, construction excise tax, low-income housing projects, property tax exemption, subsidized housing