NYC Halts Predatory Tax Lien Sale
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York City Mayor Zohran Mamdani halts annual tax lien sale, aiming to end predatory debt collection that disproportionately affects working families, particularly owners of color. The move, which could lead to a nonprofit land bank, is expected to raise concerns about revenue loss but is seen as a step towards equitable property tax collection.
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