Property

NYC reaches $1 million in penalties in opposition to homeowners of zombie properties

The New York Metropolis Division of Housing Preservation and Improvement (HPD) and the New York Metropolis Regulation Division introduced a milestone $1 million in penalties in opposition to property homeowners who did not adjust to New York State’s Zombie Property and Foreclosures Prevention Act of 2016.

Zombie houses are vacant, deserted or distressed houses whose homeowners are behind on mortgage funds. The state’s zombie legal guidelines discourage the risk these houses pose by requiring mortgage holders to examine, handle and report vacant and deserted houses or face penalties of as much as $500 per day.

“Our administration is sending a transparent message that blight just isn’t welcome in New York Metropolis,” mentioned New York Metropolis Mayor Eric Adams in an announcement Sept 20. “No New Yorker needs to dwell subsequent to an deserted vacant lot, and we’re holding absentee property homeowners accountable to make sure that we are able to develop this from a pilot right into a everlasting program that can proceed to serve New Yorkers effectively into the long run.”

HPD’s Zombie Houses Initiative companions with the NYC Regulation Division in addition to different metropolis and state businesses to discourage and take actions in opposition to zombie properties which threaten neighborhoods with blight, and can flip these houses into habitable and inexpensive dwellings for low-income people and their households.

Moreover, the NYC Division of Sanitation, Buildings and Regulation have intervened and cleaned up, inspected harmful buildings and introduced authorized motion in opposition to almost 1,300 property homeowners, securing over $1 million in penalties.

“Vacant and deserted houses shouldn’t exist in a metropolis experiencing a housing affordability disaster – it is senseless,” mentioned HPD Commissioner Adolfo Carrión Jr. “HPD’s Zombie Houses Initiative has confirmed to be a robust instrument for cleansing up blight and defending the well being and vitality of neighborhoods. We’ve got taken motion in opposition to tons of of mortgage holders who’ve failed to keep up their properties and our subsequent step is to proceed to seek out extra methods to show them into inexpensive homeownership alternatives for New Yorkers.”

Beneath the Adams administration, the Zombie Home Initiative will turn out to be a everlasting metropolis authorities fixture.

A number of teams applauded the Initiative and Mayor Adams for working to make sure housing for extra low-income New Yorkers.

“The Zombie Houses Initiative is a vital program to establish vacant and deserted houses, maintain servicers and banks accountable for his or her upkeep, and stabilize neighborhoods by turning these derelict properties into protected, inexpensive homeownership alternatives,” mentioned Christie Peale, CEO and govt director of Middle for NYC Neighborhoods. “Exacerbated by the 2008 foreclosures disaster, zombie properties have had a tremendously damaging affect on varied communities throughout New York Metropolis. We commend Mayor Adams and HPD for persevering with to advocate for options that fight the rise of zombie properties and in paving the way in which for extra residence possession alternatives throughout town.”

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