New York Daily News

‘Foreigner tax’ push

- Jillian Jorgensen

SAL ALBANESE, the Democratic mayoral primary hopeful, proposed a tax on wealthy foreign landlords to pay for affordable housing Wednesday.

“I’m proposing a pied-à-terre tax, which would tax foreign investors who park their money in luxury real estate all over the city,” Albanese said outside City Hall, saying 15% of the city’s luxury housing units were owned by foreign investors who often let them sit empty.

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