New York City agrees to $60 million settlement with owners of 64 properties seized over unpaid taxes and debts; Mayor Zohran Mamdani plans to revive controversial TPT program
New York City will pay $60 million to owners of 64 properties seized under the controversial TPT program as Mayor Zohran Mamdani considers its revival. (Photo: Getty Images) New York City has agreed to pay $60 million to property owners whose buildings were seized under its controversial Third Party Transfer program, a settlement that comes…