Pol Questions NYC's Property Tax Lien Sale Process

By Matthew Perlman (October 7, 2016, 7:01 PM EDT) -- New York City's process of selling property tax liens gives landlords incentive to neglect buildings and harass tenants and should be revised to help preserve more affordable housing, according to a report from the city's public advocate released Friday.

Public Advocate Letitia James drew her conclusions after analyzing multifamily buildings that have been through the city's annual sale process for delinquent property taxes multiple times in the last four years. The report found that the 22 buildings studied exhibited poor overall conditions that got worse in recent years and that very few of the debts had been discharged. The report also...

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