Mayor Adams' Task Force faces criticism over the upcoming Tax Lien Sale, which risks exacerbating New York City's housing crisis by benefiting Wall Street speculation rather than protecting vulnerable homeowners. Activists disrupted a Task Force hearing to demand equitable alternatives to the lien sale that disproportionately harms Black and brown communities, showcasing failures of promised protections, as very few low-income homeowners have accessed assistance programs. The impending sale threatens over 21,000 properties, raising concerns about community disinvestment and increasing homelessness among lower-income households.
The city’s lien sale offloads the burden of tax collection, weakening protections for low-income homeowners while prioritizing profits for Wall Street over community stability.
Organizers interrupted the Tax Lien Sale Task Force meeting to emphasize the need for just alternatives, signaling their readiness to fight against inequitable housing practices.
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