The New York City Department of Housing Preservation and Development (HPD) submitted an application for approval of a property tax exemption under Article XI of the Private Housing Finance Law for properties located at 281 Marcus Garvey Boulevard and 311 Marcus Garvey Boulevard. The exemption supports affordable housing initiatives within these lots, helping reduce financial burdens for housing development and ensuring continued affordability.
This exemption fosters affordable housing development in Brooklyn, making it easier for HPD and associated organizations to promote housing stability and neighborhood improvement.