tax lien sale
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Statement from the Abolish the Tax Lien Sale Coalition: The City Takes First Step Toward Abolishing the Lien Sale, but the Fight Isn’t Over
On Sunday, the City responded to years of relentless advocacy by the Abolish the Tax Lien Sale Coalition by enacting legislation to address the severe inequities caused by the city’s tax lien sale.
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Testimony before the New York City Council Committee on Finance, on Legislation to Reauthorize the City’s Tax Lien Sale
Good afternoon, Committee Chair Brannan and members of the Finance Committee, and thank you for the opportunity to testify about Introduction 2164, which would reauthorize New York City’s tax lien sale for a four year period. My name is Will Spisak and I am a Senior Program Associate at New Economy Project, a citywide organization…
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The City: Council and Mayor Move to Revive Stalled Property Tax Debt Collections
The City — The City Council is resurrecting a system to collect unpaid property taxes after a nearly three-year hiatus, adding new safeguards for vulnerable owners.
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Leaving the Speculators in the Rear-View Mirror: Preserving Housing with Municipal Arrears Through Off-Ramps from the Speculation Superhighway
A system to replace NYC’s tax lien sale should advance critical affordable housing and equitable development goals. This report outlines a framework through which New York City can enforce the collection of property tax arrears and other debts, in ways that prevent the displacement of vulnerable homeowners, preserve affordable rental units, and expand the pipeline…
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Harlem World: Activists And Electeds Cheer End Of The Rudy Giuliani Created NYC Tax Lien Sale
Harlem World — Today, activists and elected advocates gathered on the steps of City Hall to celebrate the end of the Rudy Giuliani-created Lien Sale program. Since 1996, New York City has been selling the right to collect delinquent property tax and water debt at a discount to a privately administered hedge fund-backed Lien Trust.
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The Baffler: Lien On Me
The Baffler — Debra Ack was running out of time. On December 17, New York City would transfer over a hundred million dollars of publicly held debt into private hands—and many of those affected didn’t even know about it. That’s why Ack, along with other volunteers from the East New York Community Land Trust (CLT),…
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New Analysis Shows NYC Set to Squander 3,600 Potential Units of Affordable Housing, in Friday’s Tax Lien Sale
Ahead of the City’s tax lien sale this Friday, the Abolish the NYC Tax Lien Sale Coalition released a new analysis revealing the lien sale list includes 392 vacant lots that could support the development of over 3,600 affordable housing units. This represents a recurring missed opportunity for the City to partner with community land…