Mayoral hopeful Sal Albanese pitches foreign landlord tax to subsidize affordable housing

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-a-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 was owned by foreign investors who often let them sit empty.

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