Appeals court reboots NYC pied-à-terre tax rollout after pause

New York City’s ultra-rich started the week with a reprieve from having to prove residency to avoid a pied-à-terre tax. But as the week ends, the reprieve itself proved fleeting. A state appeals judge yanked back the roadblock on Mayor Zohran Mamdani’s tax plan Thursday afternoon in a Staten Island court. Brought by three homeowners, […]

Squeezed NYC affordable housing properties face reckoning

New York City’s regulated affordable housing sector is confronting a worsening financial squeeze, and a reckoning is coming unless solutions emerge, according to a new survey of owners, managers, lenders and other industry participants. The survey by affordable housing nonprofit NYC Housing Partnership found that 62% of respondents said operating costs have risen to unsustainable […]

Collier County private inspections fray sparks Florida turf war

Florida’s new push to accelerate homebuilding is hitting up a familiar wall of resistance in the Naples area: local resistance. Instead of fighting over zoning, the battle is about permitting. Private-provider inspectors say Collier County officials have thwarted third-party inspections required under state law. State lawmakers strengthened that law last year. It took effect July […]

New York City posts notice of new tax levy to pied-a-terre owners

Tax attorneys and accountants are about to make bank helping owners of non-primary homes navigate New York City’s pied-à-terre tax notifications, which started landing in mailboxes before the weekend. “If you have a second home in New York City worth more than $5 (million), check your mailbox when you’re back in the five boroughs – […]