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Developer wins tax break to rehab Hempstead housing
The Nassau Industrial Development Agency has approved its most generous tax break to date for a low-income housing developer, setting off opposition from Hempstead Village residents who object to the deal.
Manhattan-based developer Omni New York received a 30-year partial tax exemption on a $43.8-million project to buy and refurbish 26 rundown apartment buildings in a high-crime section of...
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