BK officials threaten to revoke sale of Starrett City

BROOKLYN - The sale of an affordable housing complex has been creating quite the stir among its tenants, and now, Brooklyn officials are joining the fight.Clipper Equities bought the affordable housing complex, previously known as Starrett City, for $1.3 billion. The company insists it is planning to keep rents low, but tenants and officials are skeptical. Now, New York Democratic Senator Charles Schumer is saying the sale is still pending federal approval. He is threatening to revoke the deal if the company doesn?t keep its promise.Starrett City is the largest government-subsidized housing complex in the U.S. The purchase is also pending approval from the Housing and Urban Development (HUD) board. Schumer insists HUD Secretary Alfonso Jackson stands behind affordable housing.

Related Information Brooklyn politicians demand hearing on Starrett City sale Brooklyn residents protest billion-dollar sale of Starrett City

To view New York Senator Charles Schumer's speech about the sale of Starrett City, go to channel 612 of your iO digital cable box and click on iO Extra.

advertisement | advertise on News 12

Trending Video

The New York City nonprofit Guardian Angels stepped 1 Guardian Angels increase patrols in Coney Island
2 Neighborhood Brief for April 23
A fast-moving fire killed five people, including three 3 3 children among victims in New York City house fire
Fashion, Art, & Design held their seasonal pop-up 4 Pop-up marketplace features goods, art made in BK
VIDEO: Scenes from fatal accident 5 VIDEO: Scenes from fatal accident

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE