Monthly Archives: October 2022

6 N.Y.C. Landlords Prosecuted for Overcharging Tenants

State prosecutors on Wednesday charged six property developers and their companies with taking advantage of a lucrative tax break intended to spur housing construction, as part of the Manhattan district attorney’s new focus on fighting misconduct in the real estate industry.

D.A. Bragg, DOI Commissioner Strauber Announce Indictment of Six Real Estate Developers for Defrauding New York State’s 421-A Program

“These developers allegedly abused a government program meant to provide New Yorkers access to desperately needed affordable housing. Not only did they illegally charge substantially higher market rents for years, but they did so while personally reaping the benefits of generous property tax abatements. When I announced our Housing & Tenant Protection Unit last week, I said that we would take a targeted approach to complex and pervasive criminal activity that diminished our already limited stock of affordable housing, and this case is an example of just that,” said District Attorney Bragg.