Cornegy, Montgomery, Adams Call For State & Fed Investigation Of City’s TPT Program

Editor’s Note: The following is the 18th of a KCP investigative series by reporters Kelly Mena and Stephen Witt on how New York City is taking paid off properties from longtime small property owners, including black and brown seniors, and giving them to connected non-profit and for-profit developers as gentrification sweeps across Brooklyn.

City Council Member Robert Cornegy (D-Bedford-Stuyvesant, Northern Crown Heights), State Sen. Velmanette Montgomery (D-Fort Greene, Boerum Hill, Red Hook, Bedford-Stuyvesant, Sunset Park, Gowanus, Park Slope) and Brooklyn Borough President Eric Adams (D) next week are expected to ask for a large-scale state and federal investigation into the city’s taking of fully paid off black and brown people’s properties dating back to earlier in this decade, KCP has learned.

Specifically, the investigation will focus on the Department of Housing Preservation & Development (HPD) Third Party Transfer (TPT) program, which has seen a number of questionable seizures of the properties as well as co-op properties under the city’s Housing Development Fund Companies (HDFC) program.

To read the full story, visit https://www.kingscountypolitics.com/cornegy-montgomery-adams-call-for-state-fed-investigation-of-citys-tpt-program/

To learn more about Senator Montgomery's work on this issue, visit: https://www.nysenate.gov/newsroom/articles/2018/velmanette-montgomery/senator-montgomery-and-18-members-new-york-state-black

To learn more about this issue and its impact on communities of color, visit:

https://www.kingscountypolitics.com/state-electeds-call-on-judicial-branch-de-blasio-to-freeze-third-party-transfer-program/

https://www.kingscountypolitics.com/1217-dean-street/

https://www.kingscountypolitics.com/city-seizes-multiple-properties-as-real-estate-scandal-grows/

https://www.kingscountypolitics.com/category/city-real-estate-scandal-hpd-tpt-program/

https://www.kingscountypolitics.com/city-sits-on-brownstone-as-elderly-woman-waits-on-bated-breath/