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| Local Law 45 of 1976 | |
|---|---|
| New York City Council | |
| |
| Territorial extent | New York City |
| Enacted by | New York City Council |
| Enacted | 1976 |
Local Law 45 of 1976 was a reform of theabandonment of properties by landlords in New York City, so that land could be seizedin 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 theNew 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 theNew York City Department of Housing Preservation and Development and itsDivision of Alternative Management Programs leading to growth in thehousing cooperative movement in the city, most prominently with the non-profitUrban Homesteading Assistance Board.[1]