Reversing years of lax scrutiny, officials are seeking to enforce rent protections tied to the city’s single biggest housing subsidy.
Legislation introduced in City Council on Wednesday would require the city’s housing arm to audit 20 percent of buildings receiving the benefit. Violators would have to return the money.
A new ProPublica analysis shows that two-thirds of more than 6,000 rental properties receiving tax benefits from the city’s 421-a program don’t have approved applications on file and most haven’t registered apartments for rent stabilization as required by law. That allows owners to raise rents as much as they want.
Search for your building to see if your landlord has been approved for the program and registered your building for rent stabilization, as required by law. If not, you may be paying more than you should.
The city’s Department of Housing Preservation and Development is flouting a rent-reporting requirement for apartments built under the city’s single biggest housing tax break. Mayor Bill de Blasio doesn’t seem to mind.
A Danish member of the European Parliament is asking the trading bloc’s executive arm to examine the tax avoidance deals, which are going on in at least 13 member states of the European Union.
The complex transactions add up to a meaningful loss of revenue from dividend taxes Danish taxpayers would otherwise get.
Tenants overcharged by landlords who received property tax breaks shouldn’t expect much help from state regulators. Many are opting to go to court and, so far, they are winning big.
Due to an error by state officials, rent limits on tens of thousands of New York City apartments were improperly removed. Now, 20 years later, the state is relying on landlords to fix that problem. What could go wrong?
A property tax benefit known as J-51 can mean the difference between a rent freeze and a sharp increase. Here is how to find out if your building qualifies.
The country’s lawmakers have enacted legislation to halt complex stock-lending deals detailed in a ProPublica investigation last month.
Officials in Frankfurt, Germany’s financial capital, have launched an investigation into tax avoidance trades enabled by the country’s second-largest bank.
The German government may not be able to recover billions of dollars in lost dividend taxes from complex stock-lending deals that benefited U.S. and other foreign investors.
Every year at dividend time, demand to borrow German stocks spikes.
Carefully timed deals help big money managers skirt dividend taxes in 20 countries, confidential documents show.
The move comes after a ProPublica investigation that documented how the government was making it hard for disabled borrowers to get their loans forgiven.
Among other facts, newly released housing documents reveal that 239,000 regulated apartments have “preferential” rent, meaning landlords may be able to boost rents by more than what the city allows.
Workers at big NYC apartment buildings that get a tax subsidy are supposed to be paid a prevailing wage set by the city comptroller. But they don’t always know it – and that can cost them.
New York City biggest housing subsidy shells out $1.1 billion a year in property tax breaks to apartment and condo building owners. In return, they’re supposed to pay doormen, janitors and other service workers the “prevailing wage.” City officials provided this list of prevailing wage buildings after a public records request from ProPublica.
City Council members want a new system and fines to be sure that landlords are complying with rent limits at up to 200,000 unregistered apartments.