A controversy over property rentals is heating up in a beachfront community in The Rockaways. Some homeowners are being accused of taking advantage of a city program to cash in on a major tax break. LisaRoznerTV reports.
-- A controversy over property rentals is heating up in a beachfront community in The Rockaways.
The city designated it an"urban development action area project," which means homeowners would get a huge break on their taxes. "One of the same zip codes that has among the deepest pockets of poverty in the entire city of New York. So, this was a real opportunity for folks who had been stuck in generational poverty," Assemblyman Khaleel Anderson said.
"I don't feel safe when so many people are coming in and out of a house," one woman said."There are addresses that have been turned into three rental units rather than two."Finance records show one man who is a real estate investor according to LinkedIn owns at least three properties and also has an address at a luxury high-rise rental building in Manhattan.And as we approach the busy summer rental season, residents wonder how much more money the city will lose.
Belinda White, one of the board members, told CBS2,"I'm not making a comment right now because it's under investigation. So when the investigation is completed, the board will comment.""But it is ongoing. I have no comment," White responded. "HPD has to do a better job, has to get this money back from the people that cheated on the rules of the program and rented out their units instead of living in them, and then has to put that money to, actually, affordable home ownership for people who genuinely need it," Lander said.
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