1. The NYC Affordable Housing Crisis
... unsightly neighborhoods, but unsafe ones as well. The Independent Budget Office proposed taxing vacant land at the same rate as commercial land, particularly those over 2,500 square feet. A higher tax rate would encourage owners to take care of and develop the land. A higher tax would become increasingly costly ... entities' exposure to vacant and abandoned lots would be transferred to the land banks. Ultimately, land banks would be responsible for managing and financing the land, as opposed to the government who already have various issues to deal with. Land banks will additionally be ...
- Word Count: 2013
- Approx Pages: 8
- Has Bibliography