New York City has reached a $60 million settlement with property owners whose land was seized through its Third Party Transfer program due to unpaid taxes or debts, resolving a class-action lawsuit. The agreement covers 64 properties affected by the city’s enforcement efforts, marking a significant financial resolution for affected stakeholders. Critics have long questioned the program’s fairness, particularly for properties with disputed claims or financial hardships. The deal highlights ongoing debates over municipal debt collection practices and property rights.
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 ...
