Post Tagged with: "The Rent Racket"

James Rubin, commissioner of New York State Homes and Community Renewal, said his agency would work with the city to determine why the state has fewer apartments listed as being rent stabilized than the city says there should be. (Mike Groll/AP)

NYC May Actually Crack Down on Developers

August 12, 2016 at 11:50 am 363 comments

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

Assembly members sit inside the New York State Capitol building in Albany. (Ron Antonelli/Bloomberg via Getty)

NY Lawmakers Want Stiffer Penalties for Landlords Who Ignore Rent Limits

August 8, 2016 at 12:12 pm 314 comments

  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

NY State Data Indicates Even More Landlords Duck Rent Limits

NY State Data Indicates Even More Landlords Duck Rent Limits

August 5, 2016 at 11:45 am 467 comments

As many as 200,000 New York City apartments could be missing from rent regulation as required by law, according to figures released by the state’s housing agency. Since the 1990s, New York City has published, and public officials have quoted, an estimate that there are 1 million rent-stabilized apartments inRead More

NYC Lets Luxury Building Owners Stiff Workers and Still Get a Tax Break

NYC Lets Luxury Building Owners Stiff Workers and Still Get a Tax Break

June 26, 2016 at 11:25 am 2 comments

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

Thousands of apartments like these in Brooklyn’s Fort Greene neighborhood qualify for rent stabilization but do not show up on the state’s list of rent-stabilized buildings. (Bryan Anselm for ProPublica)

Landlords Fail To List 50,000 N.Y.C. Apartments for Rent Limits

May 30, 2016 at 12:48 pm 758 comments

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

The Driggs, a luxury apartment building in Brooklyn, received a $631,000 tax break this year. (Cezary Podkul/ProPublica)

N.Y.C. Landlords Flout Rent Limits

May 3, 2016 at 5:37 pm 145 comments

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

The Rent Racket – Pro Publica Spotlight

The Rent Racket – Pro Publica Spotlight

April 19, 2016 at 12:45 pm 17 comments

One of topics New Yorker’s consistently gripe over is rent. The renter’s landscape is in constant evolution, the media often releases stories that make for great headlines instead of less sensational stories that stir up discussion on housing rights of New Yorkers. Pro Publica has an on-going investigation on theRead More