Local Law 45 of 1976 was a reform of the
abandonment of properties by landlords in New York City, so that land could be seized
''in rem'' after just one year of unpaid taxes, following earlier 1970s measures that had progressively reduced the default period from ten years to five years to three years. Prompted by the
New York City fiscal crisis of a year earlier and originally intended as a revenue generator, an unexpectedly large number of properties were seized, with the later establishment of the
New York City Department of Housing Preservation and Development and its
Division of Alternative Management Programs leading to growth in the
housing cooperative movement in the city, most prominently with the non-profit
Urban Homesteading Assistance Board
The Urban Homesteading Assistance Board, or UHAB, is a non-profit organization in New York City that helps create and support self-help housing. UHAB works with residents to acquire, rehabilitate and manage their apartments. In the process the or ...
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References
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New York City law
1976 in American law
1976 in New York City
Condominiums and housing cooperatives in New York (state)
Housing in New York City