Borough President Suggests Tax Breaks in Exchange for New Rent Restrictions

Borough President Suggests Tax Breaks in Exchange for New Rent Restrictions



Bronx Borough President Ruben Diaz, Jr., recently proposed pairing new rent restrictions with a tax-break for property owners. The plan is intended to end the threat of sudden, significant rent increases in regulated apartments where tenants currently enjoy preferential rents and compensate owners who may lose out on revenue.

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