Chinatown advocates rally against building proposed Lower East Side towers under 421-a tax break


Several Chinatown and Lower East Side tenants and neighborhood associations rallied Monday morning calling on the city’s Department of Buildings (DOB) to stop a developer from digging foundations in Two Bridges in an attempt to use the 421-a tax break to build new residential towers there before the subsidy expires in June.

“We are here together because, obviously, there are folks that are going to try to push through for emergency permits, for rapid permits, for permits to to speed up different kinds of developments right now because the legislature has let expire 421-a,” said progressive Assemblywoman Yuh-Line Niou (D – Manhattan).