Billionaire Tenants of One57 May Get Affordable-Housing Tax Breaks

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Photo: Marchmade

This may not be quite as crazy as it sounds, though. As CNBC reports, “One57 used a popular loophole in the law that allowed the developers to take the tax benefit for the building overlooking the park, but fund the affordable housing units in another location.”

Billionaire One57 Tenants May Get Tax Breaks