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Abandonement Issues

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A city councilman is proposing "anti-warehousing" legislation that would fine property owners who intentionally keep buildings and apartments vacant. One report suggests that 24,000 apartments could be created by renovating the city's abandoned buildings and living spaces. A press release out of Borough President Scott Stringer's office says the action is in part a response to a lack of affordable housing in East Harlem and other uptown neighborhoods. Legislation could also "require owners of vacant residential sites and buildings to annually register and pay a fee for holding their properties off the market," and there would be an annual citywide survey of all vacant properties. [Sun; CurbedWire Inbox]