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Recently, Gov. Andrew Cuomo ordered 50,000 housing units to be returned to rent-regulated status. He has charged that owners getting a major tax break from New York State have illegally deregulated apartments. Cuomo, who issued his order on Jan. 6, said that the owners of the targeted buildings are receiving J-51 tax benefits from the state and had claimed to be exempt from rent regulation, contrary to the law. The state is sending a letter to each building owner with instructions to re-register their units as rent-regulated apartments.
