"Albany's Potential Three-Way Housing Deal: NY Budget Delayed 12 Days"

Details of a potential housing deal in Albany include weakened "good cause" eviction protections, increased caps for rent-stabilized apartment improvements, and a new version of the 421-a tax break. The proposed compromise has sparked backlash from both tenant advocates and landlord groups, with concerns about exemptions and carve-outs in the "good cause" eviction legislation, as well as changes to individual apartment improvement caps. Additionally, new details on 485-x, a potential replacement for the 421-a tax incentive program, have emerged, including wage standards for workers on affordable housing projects.