Real estate

Bloomberg Nixes New Regulations for Developers

There actually are a few things in which the Big Apple mayor doesn't want the government to meddle

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Mayor Bloomberg last week vetoed a bill passed by the City Council in July that calls for new wage and data reporting standards for affordable housing projects receiving city funding.

Under Intro. 730, the Department of Housing Preservation and Development would be required to report subsidies awarded to city-funded projects and wage data for every individual working for developers and contractors.