ALBANY, N.Y. (NEXSTAR) — A report released Tuesday raised questions about the increase in housing projects subsidized by New York State's 107 local Industrial Development Agencies. It analyzes the fiscal and democratic implications of IDAs moving into housing development, which could be considered outside the scope of their original mission.

The report—"Policy Crossroads: Reconsidering IDA Housing Tax Breaks in New York" by Reinvent Albany and the State Policy Advocacy Clinic at Cornell University's Jeb E. Brooks School of Public Policy—is available to read at the bottom of this story.

Created by a 1969 New York state law, IDAs are local public authorities meant to help pay for local business and real estate projects. IDAs have to: • Help local economies grow • Create long-term jobs

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