Flushing developer sues over revoked 421a benefits Landlord claims she was among 194 “selectively targeted” in AG probe
133-20 Avery Avenue
A Flushing developer is suing the Department of Housing Preservation and Development for the revocation of 421a benefits for an 11-story, mixed-use property at 133-20 Avery Avenue in the neighborhood.
According to the suit, HPD wrongly determined that landlord Lisheng Ye was noncompliant, and then revoked her 421a benefits even after she met all the department’s compliance requirements. Ye was one of 194 landlords identified in a 2015 investigation by the New York state Attorney General s office into abuse of the program, according to the court documents.
Under the 421a program, which expired last year and whose revival is currently under negotiation, developers receive tax breaks in exchange for meeting certain rent protection requirements. Just last week, the Real Estate Board of New York and the labor unions neared an 上海千花网论坛