Assemblymember says de Blasio killed his plan to fund NYCHA

Non-profit research group says ending the abatement for 10% or 30,000 condos and co-ops would generate at least $168 million
June 21, 2019 10:00AM

Mayor Bill de Blasio and Assemblymember Robert Rodríguez (Credit: Getty Images and Twitter)

Mayor Bill de Blasio and Assemblymember Robert Rodríguez (Credit: Getty Images and Twitter)

Not all New York lawmakers got their way this legislative session.

Assemblymember Robert Rodríguez said that Mayor Bill de Blasio spoiled his plan to redirect a tax on luxury condos and co-ops to help fund the struggling New York City Housing Authority, The City reported. According to Rodríguez, de Blasio put off the legislation to fund the public housing agency in order to let a city commission that has seen its share of delays weigh in.

The tax break on owner-occupied condos and co-ops accounts for $612 million, according to Citizens Housing and Planning Council. So ending the abatement for 10 percent or 30,000 condos and co-ops would generate at least $168 million. Rodríguez’ bill proposes steering that money toward cash-strapped NYCHA to back $3 billion in repairs.

Rodríguez told The City he expected the bill to be on the Assembly agenda as late as last Friday. But De Blasio put the brakes on, according to the assemblymember, in order to wait for a report from a commission on property taxes.

The advisory commission was formed in 2017 to think up value-neutral changes and make suggestions, although the state legislature alone has the ability to change property tax law. [The City] — Georgia Kromrei