# Homes 'stolen' from Black and brown residents in NYC

> New York City's third-party transfers stripped homeownership from Black and brown residents without compensation.
- Title: Homes 'stolen' from Black and brown residents in NYC
- Summary: New York City's third-party transfers stripped homeownership from Black and brown residents without compensation. New York City's third-party transfers…
- Keywords: new york city, third party transfers, black residents, brown residents, homeowners, lawsuit, settlement, bronx, news, local, Homes, 'stolen'
- Source: ABC7 New York — https://abc7ny.com/post/homes-stolen-black-brown-residents-nyc-third-party-transfers/19956544
- Published: 2026-10-19T22:39:29+00:00
- Read time: 1 min
- Topics: new york city, third party transfers, black residents, brown residents, homeowners, lawsuit, settlement, bronx, news, local
## Isabel Adon's story
Isabel Adon lost homeownership overnight in a Bronx co-op building after a third-party transfer.

> That was the legacy for my kids
## Third-party transfers
New York City transferred deeds to non-profits for 'distressed' buildings over 500 properties in three decades.

> They just like totally disrespected us, not just me, but the community
## Legal challenge
Attorneys filed a lawsuit in 2019 after the city's program was found to be illegal in minority communities.

> There's a clause in the constitution which says that government shall not take private property for public use without just compensation
## Settlement
The city agreed to a $60 million settlement for affected residents after seven years of litigation.

> I hope that bringing this out and this settlement is a catalyst for change
## Residents' reaction
Residents say the program denies intergenerational wealth and the American dream for Black and brown families.

> This is a systematic way of not allowing people who look like me to have intergenerational wealth
## Future steps
The settlement requires judicial approval and ongoing legal battles for hundreds of families.

> We're not jumping for joy, we're just a little bit relieved that at least this got a little bit of attention
## Systemic issue
The program has been criticized as a systemic barrier to intergenerational wealth for Black and brown residents.

> It's not allowing me to have for my children, not allowing me to have a piece of the American dream
## Key takeaway

New York City's third-party transfers removed homeownership from Black and brown residents without payment, prompting a $60 million settlement after seven years of litigation.