Story perspectives

Developers Revise Housing Plans Amid Community Concerns

11/15/2025

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Developers Adjust Plans

Indianapolis developer T.M. Crowley & Associates has scaled back plans for a 256-unit apartment complex near Nora Plaza, reducing residential units and replacing office park with 400 parking spaces.
Residents displaced by a June fire at The Cooper apartments in Fort Worth are frustrated by restrictions on retrieving belongings limited to three boxes without clothing.
In Andersonville, a five-story, 26-unit building was approved, with six units designated as affordable housing.

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Developers Face Challenges

New York City tax program 485-x raises costs for buildings with 100 or more units.
The program, intended to raise wages, has led to rise in applications for 99-unit buildings from 13 to 21 in Q3 2025.
Critics say 485-x will reduce large-scale developments versus the 421-a program.
A fire in an Upper East Side apartment building killed a 74-year-old woman and injured seven, and the cause is under investigation.

History

Historical Context

Established in 1971, New York City's 421-a tax program aimed to stimulate affordable housing development amid declining construction rates. By 2017, the program was renewed as "Affordable New York," mandating 25-30% affordable units in new projects. However, the introduction of tax program 485-x has raised concerns about its impact on large-scale developments, highlighting ongoing debates over urban housing policy and fiscal implications.

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Developers Adjust Plans

Indianapolis developer T.M. Crowley & Associates has scaled back plans for a 256-unit apartment complex near Nora Plaza, reducing residential units and replacing office park with 400 parking spaces.
Residents displaced by a June fire at The Cooper apartments in Fort Worth are frustrated by restrictions on retrieving belongings limited to three boxes without clothing.
In Andersonville, a five-story, 26-unit building was approved, with six units designated as affordable housing.

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