The most pressing housing affordability need is among some estimated 515,000 lowest-income households in the city, according to the City Comptroller's report.
NEW YORK CITY—New York City Comptroller Scott M. Stringer has released a report that calls for a “fundamental realignment” of the city's current housing plan.
Stringer proposes the elimination of the city's mortgage recording tax and in its place institute a real property transfer tax that he says will reduce the cost of purchasing a home for middle-class families and fairly tax all-cash buyers that currently skirt the mortgage recording tax.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
