Manhattan prosecutors allege that a group of six developers ripped off taxpayers, overcharging Bushwick tenants while cashing in on a controversial, now lapsed, state tax break for developments that are supposed to include income-restricted affordable units.
According to an indictment announced Wednesday, the developers violated the terms of that tax break, known as 421-a, by falsely claiming that the “affordable” units had been rented out to income-qualified tenants. They instead hiked rents, [...] Click here to view original web page at www.thecity.nyc
