NYC to Pay $60 Million Settlement to Homeowners Caught up in a Program Created to Seize Property From Negligent Landlords

NYC to pay $60 million settlement to homeowners caught up in a program created to seize property from negligent landlords

New York City announced an agreement on Monday to pay $60 million in a federal settlement in response to a class action lawsuit which claimed that a city program aimed at taking away distressed buildings from delinquent landlords had, in practice, unconstitutionally looted homeowners’ equity. Homeowners’ attorneys argue the city program known as “third-party transfer,”...

New York City agrees to $60 million settlement with owners of 64 properties seized over unpaid taxes and debts; Mayor Zohran Mamdani plans to revive controversial TPT program

New York City has agreed to pay $60 million to owners of 64 properties seized under its Third Party Transfer program over unpaid taxes and other debts. The settlement follows a class-action lawsuit alleging owners were denied proper compensation. Mayor Zohran Mamdani’s administration is now considering reviving the controversial program with reforms.

NYC agrees to shell out $60M to property owners whose buildings were seized under program Mamdani vows to revive

New York City is offering a $60 million to settle a class-action lawsuit filed by property owners who had their buildings seized through the city’s controversial Third Party Transfer program, court documents show.

Before Mamdani Revives Property Transfers, Look at New York's $60 Million Bill

NYC's $60M settlement highlights risks in property transfers before Mamdani revives the program.

NYC $60M Settlement Over Seized Homes, Third Party Transfer

New York City agreed to pay $60 million to owners whose buildings were seized under the Third Party Transfer program, as Mamdani moves to revive it.

NY Dirt: Breaking down the city’s $60M third-party transfer settlement

The city is looking to settle claims about its third-party transfer program to the tune of $60 million.