
(photo: Sofie Hecht/Gotham Gazette)
In New York City, tiny, vulnerable, nonprofit organizations too often lose the real estate they own to for-profit developers. These unjustifiable losses are a complete mix-up of city and state tax policy, through the mechanism called the tax lien sale. New York City needs to fix this problem by removing nonprofits from the tax lien sale.
Nonprofits of various sizes -- religious institutions, universities, and community gardens alike -- frequently own property. These organizations, due to their nonprofit status,
...