The news came with a knock on the door just before 6 a.m. One of Max Abelsons neighbors was out in the hall. Had he heard? It was all over the news. Starrett City was on the block.
Months later, Max and his brother AlanThey call us the Brothers, Alan tells meare still upset they didnt get the score straight from Starretts owners. What hurt most, Max says repeatedly, is that the announcement that Starrett was to be sold came on December 1, right at the start of the holiday season….
The real issue, says Harold Shultz of the Citizens Housing & Planning Council (CHPC), is if going forward you intend to have private developers If you dont keep the promises you made in the past, people today will have no reason to believe the promises you make today. And thus will possibly not participate. Nonetheless, CHPCalso supports requiring all Mitchell-Lama housing to be placed under rent stabilization to maintain affordability when owners opt out, and recommends lifting the cap on returns to give developers an incentive to stay in (a measure all advocates embrace).
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