The city’s yearly tax lien sale, scheduled for Dec. 17, allows private corporations to purchase homeowners’ unpaid property tax and water bill debts for about 75 cents on the dollar.…
Sliwa, who is unlikely to win the mayor’s race because of the high numbers of Democrats in New York, criticized Adams’ hobnobbing with city elites and trendy teenage TikTokers, claiming…
The economy would have been a major topic in this campaign year even if COVID-19 never happened. Now, amid massive unemployment, a fiscal emergency, and potential long-term changes in commuting…
Most cities do not sell their tax liens to a private trust. Many have programs which help homeowners pay off their debt and repair their neglected rental properties. Other cities…
Unlike Gov. Cuomo, the Republican nominee, Marc Molinaro, has said little about rent regulations or subsidized housing. But both men have said a lot about property taxes.
It’s been the city’s practice for two decades to sell property-tax debts to a private trust, generating revenue for the city and for investors—but, advocates say, hurting low-income homeowners.