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Losing Money Every Month: Growing Finance Crisis Threatens Affordable Housing from THE CITY - All RSS feed.

Losing Money Every Month: Growing Finance Crisis Threatens Affordable Housing

Samantha Magistro poses for a portrait in front of an affordable residential building she manages in The Bronx

BronxProGroup manages 93 subsidized apartment buildings containing more than 3,300 affordable apartments, mostly in The Bronx.  One in three units are in buildings where this year expenses are greater than the rents collected. And one in five are in buildings in such poor financial shape that the owners will have to resort to renegotiate their […]

The post Losing Money Every Month: Growing Finance Crisis Threatens Affordable Housing appeared first on THE CITY - NYC News.