HUD Plan For Affordable Housing In NYC

Department of Housing and Urban Development Secretary Mel Martinez and New York City Mayor Rudolph W. Giuliani today announced a five-year plan to save affordable housing for 1,500 families.

1 minute read

December 19, 2001, 1:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech


In addition, HUD and New York City will invest nearly $168 million to rehabilitate more than 500 properties as part of the City's overall revitalization efforts in these neighborhoods. The comprehensive plan specifically addresses the 514 multi-family properties that were sold under HUD's 203(k) mortgage insurance program. The properties were sold to 54 non-profit organizations in 1998 and 1999, generally at inflated prices. Most of the properties involved are currently in or at risk of default.

Thanks to Abhijeet Chavan

Wednesday, December 19, 2001 in HUD News

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

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