Thursday, November 22, 2007

Ocean Tenants Owner Angry at New Owner

The preservation of affordable housing continues to be a major issue for the Coney Island community. Today's Daily News ran an article about tenant outrage over the loss of affordable housing in he Ocean Towers building:

The preservation of affordable housing continues to be a major issue for the Coney Island community. Today's Daily News ran an article about tenant outrage over the loss of affordable housing in he Ocean Towers building:

A Coney Island building dedicated to affordable housing has been sold to the owner of the historic Woolworth Building, a move that tenants say has triggered massive rent hikes.

Ocean Towers, a 360-unit Mitchell-Lama building, was sold in February for $5.9 million to Cammeby's International, a group that acquired similar buildings in Manhattan and Queens only to raise rent before reselling the properties.



Image courtesy of Wikipedia


- post by Ben Nadler


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