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Real Estate & Property Law

: The Home Equity Theft Reporter

NYC Announces Program To Turn Unsold, Unfinished Condo Complexes Into Affordable Rental Housing

By r morris

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In New York City, The Wall Street Journal reports:New York City announced Wednesday a pilot program to turn empty or stalled condominium developments into affordable housing, an idea consumer advocates have been pushing for years. The program, which aims to convert as many as 400 units, is designed to provide grants to real-estate developers and lenders to subsidize the completion of developments

Full post as published by The Home Equity Theft Reporter on July 09, 2009 (boomark / email).

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