New York City Landlords Flout Rent Limits, but Still Receive Lucrative Tax Breaks

As gleaming new housing towers spring up around New York City, thousands of new rent-stabilized apartments are coming onto the market. And in return for following rent limits, developers get a share of $1 billion in property tax breaks handed out by the city. But while developers bank the tax savings, an examination by ProPublica … Continue reading New York City Landlords Flout Rent Limits, but Still Receive Lucrative Tax Breaks