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Stock Transfer Tax

New York City Housing Authority Needs Money; Stock Transfer Tax Delivers It

September 11, 2025 Joe Maniscalco, Work-Bites. , , ,
A couple of very important things came out of Community Board 4's September 3 meeting, in which members officially rejected NYCHA’s plan to turn over the Fulton and Elliott-Chelsea Houses to private developers for demolition and reconstruction. One is that the public housing residents actually living there do not want to see their homes and community torn down in the name of “redevelopment.” The other is that there has got to be a better way for the City of New York to take care of public housing than handing over the keys to profit-driven private developers looking to make a killing. Well, it turns out there is—but no one has the guts to do it. And that’s because in New York City, kicking senior citizens out of their homes is much easier than demanding the wealthy pay their fair share.
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