Main Page
The Lounge
Rep. Hakeem Jeffries pays just $200 in property taxes thanks to sweetheart subsidy lawGo ![]() | New ![]() | Find ![]() | Notify ![]() | Tools ![]() | Reply ![]() | |
| wishing we were congress |
https://nypost.com/2022/01/23/...tm_source=NYPTwitter The median property tax for New York city homeowners is more than $5,000. Brooklyn Congressman Hakeem Jeffries, a potential replacement for House Speaker Nancy Pelosi, already lives in a “People’s House” — that’s heavily subsidized by taxpayers. Public records show that Jeffries and his family reside in a condo unit in red-hot Prospect Heights, paying just $213 a year in property taxes thanks to a sweetheart deal under a law he supported when he served in the state Assembly. The condo the Jeffries bought in 2007 in the six-story, 40-unit complex on Underhill Avenue benefits from a massive property tax break granted under the 421-A abatement program that housing advocates have long complained is skewed toward wealthy developers and well-to-do tenants. The law provides developers and residents property tax breaks over 25 or 35 years in exchange for making at least 20 percent of the apartments “affordable” for moderate- to low-income residents. The generous subsidy program costs the city treasury up to $1.6 billion a year in property tax revenues Before he was elected to Congress, Jeffries served in the state Assembly, where he co-sponsored and voted for renewal of the tax abatement law from which he benefits. His apartment is now worth about $1.2 million Housing activists blasted the deal that allows Jeffries to pay so little in property taxes. His wife also is employed as a benefits manager at the powerful healthcare workers union, SEIU Local 1199. | ||
|
| Member |
Silly rabbit, rules are for thee and not for me says the elected official. Jeffries is the same thing you find leaking from porta potties all across this country. ----------------------------- Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter | |||
|
| Member |
Nothing surprises me anymore, imagine if it were Trump? No car is as much fun to drive, as any motorcycle is to ride. | |||
|
| Powered by Social Strata |
| Please Wait. Your request is being processed... |
|
Main Page
The Lounge
Rep. Hakeem Jeffries pays just $200 in property taxes thanks to sweetheart subsidy law
