October 22, 2026
A Manhattan federal judge has granted preliminary approval to a $60 million settlement resolving claims that New York City stripped property owners of their homes and accumulated equity through a foreclosure program that plaintiffs say disproportionately affected Black and Latino communities, attorneys said Thursday.
September 13, 2023
A City of New York program that transfers distressed or tax-delinquent apartment buildings to nonprofit agencies for redevelopment may be on shaky ground amid a recent U.S. Supreme Court ruling and a lawsuit from property owners over the city's failure to compensate them for lost equity.