City Mulls Ditching Controversial Property Transfer Program as Federal Class-Action Lawsuit Looms
by Stephen Witt and Alexandra O’Connor
07/25/2022
Black and Hispanic property owners are seeking millions of dollars in restitution for property seized under New York City’s controversial Third Party Transfer program.
The Adams administration said Friday it is taking a hard look at the city’s Third Party Transfer (TPT) program after the U. S. Southern District Court of New York rejected a second city appeal against Black and Hispanic property owners seeking millions of dollars in restitution for property seized under the controversial program.
“Mayor Adams’ ‘Housing Our Neighbors’ blueprint includes specific measures to significantly expand homeownership opportunities and help New Yorkers – particularly those in Black and Brown communities – build and maintain wealth,” Adams spokesperson Jonah Allon told Brownstoner sister publication PoliticsNY.
“The administration is taking a hard look at the TPT program to ensure it advances the mayor’s goal of helping New Yorkers access safe, high-quality, affordable housing as outlined in the housing blueprint,” he added.
Posted on 25 Jul 2022, 01:08 - Category: News
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