New York City's planned resumption of property tax and water debt lien sales, scheduled for May 20, highlights ongoing inequities faced by low-income and predominantly non-white homeowners. Despite the cityâs commitment to implement reforms, only about one-third of nearly 30,000 delinquent properties have been spared from lien sales following a $2 million campaign aimed at providing assistance. The pressure from lien buyers, including increased interest rates and potential evictions, poses significant challenges to struggling homeowners, particularly in neighborhoods heavily impacted by the delinquencies.
When we look at the impact of these tax lien sales, it's evident that they disproportionately affect lower-income, predominantly non-white neighborhoods, exacerbating existing inequities.
Despite a $2 million campaign to promote support programs, only about one-third of nearly 30,000 delinquent properties have successfully been removed from the lien sales list.
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