DNAinfo.com After Deed Was Lifted for Builder Who Paid $875K, Community Wants Change by Dartunorro Clark
After Deed Was Lifted for Builder Who Paid $875K, Community Wants Change
City Councilman Benjamin Kallos asked about the "windfall" developers received from the way in which properties were valued.
He cited that the Harlem property's deed was lifted for $875,000 and the plot was sold for $3.1 million. The Lower East Side deed was lifted for $16 million and the land was later sold for $116 million.
Camilo told council members the agency is not moving forward on any new deed restrictions until its internal review and the investigations are complete. She said about 13 applications, many of them made years before, are currently on hold.