NYC May Actually Crack Down on Developers Who Cheat Taxpayers and Renters The head of the city’s housing department has laid out steps to boost oversight of tax breaks for developers and other programs overseen by the agency. New York City officials are stepping up oversight of tax breaks toRead More
Post Tagged with: "ProPublica"
A bill introduced in response to ProPublica’s reporting would make landlords liable for up to 10 times the amount of overcharges imposed on tenants in rent-stabilized apartments. New York landlords who overcharge tenants in rent-stabilized apartments would face sharply higher financial penalties under new legislation unveiled in Albany. TheRead More
City regulators haven’t enforced a 2007 law that requires doormen, janitors and other service workers at taxpayer-subsidized apartment buildings to be paid wages comparable to union rates. When Isaac Bowman got a concierge job at a luxury Queens apartment building last year, he hoped it would be his ticket outRead More
This article originally appears on Pro Publica’s “The Rent Racket.” For additional content click here. In late August, Gov. Andrew Cuomo and other top New York officials announced an unusual crackdown on landlords. Nearly 200 building owners were collecting big tax breaks under a program to spur housing, officials said, but hadn’tRead More
But Still Rake In Lucrative Tax Breaks This article originally appears on Pro Publica’s “The Rent Racket.” For additional content click here. As gleaming new housing towers spring up around New York City, thousands of new rent-stabilized apartments are coming onto the market. And in return for following rent limits, developers getRead More