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.
The head of the city’s housing department has laid out steps to boost oversight of tax breaks for developers and other programs overseen by the agency.
Here are the top 10 ways unscrupulous landlords take advantage of tenants, and what you can do about it.
A bill introduced in response to ProPublica’s reporting would make landlords liable for up to 10 times the amount of overcharges imposed on tenants in rent-stabilized apartments.
As many as 200,000 New York City apartments could be missing from rent regulation as required by law, according to figures released by the state’s housing agency.
City regulators haven’t enforced a 2007 law that requires doormen, janitors and other service workers at taxpayer-subsidized apartment buildings to be paid wages comparable to union rates.
City Council members propose inventory system and fines for landlords after ProPublica reports that 50,000 apartments aren’t registered for rent regulation as required.
Top developer Two Trees Management overcharged renters for years – but still cashed in on $10 million in tax cuts the city never officially approved.
State, city officials target buildings receiving lucrative property tax breaks in return for limiting rents.
Owners are getting $100 million in property tax breaks while violating the law requiring them to officially register, and city and state officials are unable to explain why.
Tens of thousands of New Yorkers are moving into newer rent-stabilized apartments. Many are paying ‘preferential’ rents that tenant advocates say invite abuse by landlords.
Help ProPublica and WNYC investigate how renters are being exploited under a housing program that will save developers $1 billion in property taxes this year.
Kym Arnone handled more than $40 billion in deals in which states and other governments borrowed against income from the landmark tobacco legal settlement of 1998.
What happened to the money after the New Jersey governor killed a new commuter rail tunnel five years ago?