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Private Equity
Can Private Advice Save A Threatened Public Realm?
From schools to public housing to hospitals that serve the poor, private firms are being brought in to rescue remnants of an earlier, more ambitious era of government.
City Housing Commissioner To Depart
Raphael Cestero's departure comes as Mayor Bloomberg's affordable housing construction plan enters its final years.
Troubled Bronx Buildings Spur City Crackdown
The saga of 10 Bronx buildings that fell into disrepair after their owner defaulted has inspired a new city program aimed at detecting problem buildings—before they become problems.
HPD Demands Documents In Key Foreclosure Case
The city's housing agency subpoenaed the former and current owners of the Milbank portfolio, a group of 10 Bronx buildings that has become a test case for what happens to tenants when multiunit buildings fall into foreclosure.
HPD Commish 'Shocked' At Buildings In Multimillion-Dollar Deal
The city is cracking down on the owners of Bronx properties at the center of citywide concerns about what will happen to apartment buildings scarred by foreclosure.
10 Foreclosed Buildings. One Mystery Buyer. $19M In Problems.
As an unnamed buyer closes in on 10 Bronx buildings that fell into foreclosure after an overleveraged private-equity deal, an assessment says they need at least $19 million in repairs.
Nonprofit Eyeing Distressed Buildings Faces Tenant Resistance
Hope Community LDC wants to purchase 47 East Harlem buildings out of foreclosure. But a tenant organization has raised questions about the would-be buyer's past record.
Pols Warn Foreclosed Buildings' Mystery Buyer
Tenants and elected officials are suspicious of the unnamed buyer eyeing 10 distressed Bronx buildings, but the city's housing chief wants to give the new owner a chance.
HUD Proposes Landmark Changes to Public Housing
The changes aim to increase the social and physical mobility of public housing residents and turn existing public housing developments into mixed income communities with market rate tenants.
New Legal Push For Foreclosure Victims
Tenants have a message for the bank that holds mortgages on 10 Bronx buildings that have gone into foreclosure and disrepair: You own it, you fix it.
Foreclosure Fears Lead
To Tenants' Conundrum
First tenants feared that investors who paid exorbitant prices for modest-rent buildings would evict tenants or cut services. Now they're worried about what happens when those fears don't materialize.
Mortgages and the Mayor:
Candidates on Foreclosure
Both Mike Bloomberg and Bill Thompson responded earlier than most pols to the foreclosure crisis. But can the city's response keep up with mounting homeowner woe?
City Pension Plans: Can
They Do Good and Do Well?
The city's retirement funds offer a powerful tool for social activism. A look at how Comptroller Bill Thompson and his would-be successors approach the task of putting city money where their morals are.
How To Structure A Good
Purchase of Bad Debt
As a group of decrepit buildings in the Bronx moves closer to getting a new owner, housing officials, developers and activists negotiate the best way to obtain reliable management.
When Could Empty Condos
Become Affordable Homes?
Don't pack your bags yet -- the fact of empty new buildings doesn't mean the city has any new funding streams yet to put toward their 'adaptive reuse.'
Markus Makes A Mark
While Espada Deliberates
It's still not clear where Senator Espada is leading his Housing Committee. Others dive in.
Business Backers Rally
Around Bloomberg Bid
Who are the financiers, developers and corporate titans lining up behind the mayor's move to revoke term limits?
Mission-Driven Companies
Seek 'Beneficial' Label
Companies that embrace a double- or triple-bottom-line philosophy find they're free to B.
OPTING OUT FOR AFFORDABILITY
Comptroller vows city pension investments will steer clear of "predatory equity" as HPD blocks a controversial deal.
Public Money Helps Fund
Expensive Housing Flip
Are public pension funds fueling the rising-rents fire?
Housing and Development
City Limits provides in-depth coverage of the housing market and initiatives, tenants rights and public housing, and community development.
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