Keeping New York City The Most Desirable Place To Live And Work16 Jul 2018
NEW YORK CITY – This month, I had the pleasure of sitting down with John Banks, president of the Real Estate Board of New York (REBNY). In his three years as president, Banks has facilitated a new 421-a tax abatement program, now known as “Affordable New York,” the Midtown East rezoning project, as well as laws for fairer rental housing. Banks has a desire that New York City continue to be a magnet for young professionals and other business people to live and work. He believes that building affordable housing and providing quality office spaces will be key to maintaining this status. “We have to grow,” he says. “The issues are complex and they’re rewarding when you can do something.” REBNY works closely with the government, and local property and business owners to find worthwhile solutions.