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Protesters Urge Council Member to Curb Luxury Housing in Chinatown and LES

De Blasio as Monopoly man. (Photo: Nicole Disser)

De Blasio as Monopoly man. (Photo: Nicole Disser)

Perhaps you thought that the Coalition to Protect Chinatown and the Lower East Side sounded angry earlier this year when about 60 activists associated with the group gathered outside Gracie Mansion in the bitter February cold to protest the mayor’s “big scam” of a housing plan. But that demonstration was nothing compared to the one staged Thursday, when the Coalition led a large, supremely loud protest against the loss of affordable housing.

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Hoping to Revive Affordable Housing Incentive, Cuomo Appeals to Developers

Protestors (Photo: Nicole Disser)

Affordable housing advocates protesting Brooklyn Real Estate Summit last fall, 421-a was among their many greivances (Photo: Nicole Disser)

After a week of “secret talks” with leadership from one of the state’s most powerful interest groups, details are emerging regarding Governor Cuomo’s first major steps toward reviving 421-a. The New York Times broke the news yesterday evening about the first sign of a turning point for the controversial billion-dollar, affordable-housing tax abatement that was allowed to expire in January.

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