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Michael Gianaris, Julia Salazar and Jabari Brisport support the bill to abolish 421a. (Getty, Jabari Brisport via Twitter, 544 Union)
Three of the most prolific landlords in Brooklyn and Queens are being cast as villains by state and city legislators seeking to abolish New York developers’ favorite tax abatement.
Three tenants filed lawsuits seeking class-action status against the building owners for allegedly defrauding the 421a program by overcharging tenants by an estimated $10 million. Pointing to the cases, several lawmakers held a virtual press conference Wednesday vowing to support Assembly member Linda Rosenthal’s new bill to abolish 421a.