Ellen Hoffman: President of the New York City Tax Commission

Ellen Hoffman, a lawyer for 40 years, earned a JD from New York University School of Law in 1977 and an LLM in Taxation in 1978. She began her career in tax law at a private firm in New York City, when after 11 years, she felt the urge to do something different. Hoffman stumbled upon a posting for a tax attorney position with the New York City Department of Finance and, as Hoffman … <Read More>

City Developer Denied Tax Abatement

Court found that application was not filed within the statutory time period of one year. On January 27, 2016, the New York State Supreme Court denied a Brooklyn developer’s petition to reverse a Department of Finance decision to not grant a tax abatement. The Developer, 96 Wythe Acquisitions, filed the petition after the Department of Finance denied the application for the tax abatement because it was not filed within the mandatory one-year requirement. 96 Wythe … <Read More>

HPD Proposes to Implement Extension of Existing 421-a Affordable Housing Tax Abatement Program

HPD brought charges of tenant harassment against an Aimco-owned building in the Upper West Side. Image credit: HPD

The “421-a Extended Affordability Program Rules” would provide a 10 to 15 year extension to eligible buildings enrolled in the program prior to its expiration. On March 14, 2016, the Department of Housing Preservation and Development proposed two agency rules to extend the 421-a real property tax exemption program for those who already had been benefiting from the program prior to its expiration in June 2015. The State authorized HPD to promulgate the new rules … <Read More>

Comptroller Audit Finds $10 Million Wrongly Given In Tax Abatements

Audit determined the Department of Finance improperly gave abatements to condos and co-ops owned by corporations over a four-year period.  On January 28, 2016 the Office of the City Comptroller Scott Stringer released a report of an audit conducted of the Department of Finance.  In the final report, the Comptroller’s Office found the Department of Finance wrongly gave out over $10 million worth of property tax abatements to corporate-owned condominums, co-ops, indoor parking spaces, … <Read More>

Manhattan Developer Pays $4.7 Million in Tax Evasion Settlement

Attorney General Schneiderman found the developer was operating a building as an illegal hotel while receiving a 421-a property tax exemption. On February 26, 2015 New York State Attorney-General Eric Schneiderman announced reaching a settlement with 47 East 34th Street LP over illegally evading New York property taxes. The LP owns an apartment building at 47 East 34th Street in Manhattan which is exempt from property tax under the 421-a program, however the Attorney General’s … <Read More>

City Council Approves Tax Exemption to Preserve Affordable Housing

Dean Atlantic HDFC received property tax exemption for seven buildings.  On August 21, 2014, the City Council voted 47-0 to approve an Article XI property tax exemption on seven buildings owned by the Dean Atlantic Housing Development Finance Corporation.  The Department of Housing Preservation and Development requested the exemption from the City Council on Dean Atlantic’s behalf.  The buildings are all in Brooklyn Community Board 16, covering the Ocean Hill and Brownsville communities.  Six … <Read More>