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Real Estate & Property Law

: The Home Equity Theft Reporter

Moderate Income Housing Plans For Half-Finished, Half-Empty Condo Projects Cluttering NYC Skyline Face Complications

By r morris

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In New York City, The New York Times reports:As a rising number of half-finished and half-empty condo projects clutter the skyline, state and city officials have begun developing programs to turn hundreds of these apartments into moderate-income housing. But those efforts have proved far from easy. With budgets tighter than ever, there are few financial incentives to entice developers and lenders

Full post as published by The Home Equity Theft Reporter on September 02, 2009 (boomark / email).

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