Lack of transparency hampers efforts to improve NYC property tax
For condos alone, faulty methods shift nearly $300 million in annual property taxes from the top 10%, by value, to the remaining 90%.
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For condos alone, faulty methods shift nearly $300 million in annual property taxes from the top 10%, by value, to the remaining 90%.
Just months before, while campaigning to take the reins from former Mayor Michael Bloomberg, de Blasio vowed that he’d end the Big Apple’s “Tale of Two Cities.” And housing — perhaps more than anything else — exemplified the stark divide between rich and poor that de Blasio said he’d bridge. He tried, and sometimes, he succeeded.
The new law will allow the state to cover 100% of market-rate rent — up from 85% — and is aimed at preventing people in New York City from becoming homeless and putting a permanent roof over the heads of people who are. The housing subsidies — known as Family Homelessness and Eviction Protection Supplement, or FHEPS, vouchers — are currently being given to approximately 12,400 state residents. Under the new law, eligibility will be expanded to cover at least 2,300 more and is being specifically targeted at the the Big Apple, where rents are high and widespread homelessness remains a st...
The proposal was amended this week to allow landlords to look at the sex offender registry
Here’s a map of the largest residential projects filed for Gowanus ahead of the Brooklyn neighborhood’s rezoning.