IDAs tend to subsidize market-rate housing

Industrial development agencies across New York granted tax breaks to 425 housing projects between 2018 and 2022. Only 25% of the units built are considered affordable.

Industrial development agencies across New York granted tax breaks to 425 housing projects between 2018 and 2022. Only 25% of the units built are considered affordable.
New York City is not included in this chart because state law does not permit its IDA to subsidize housing.
Source: New York State Economic Development CouncilGet the dataCreated with Datawrapper