BK section 8 tenants celebrate new owners

BEDFORD-STUYVESANT - Tenants of a section 8 Brooklyn housing complex are celebrating new ownership and a new beginning.

Pratt Area Community Council recently finished an $11 million deal to take over the Magnolia Plaza Apartments property. The council spent three years in bankruptcy court to seal the deal. During that time, many residents feared they?d lose their homes.

Pratt has paid off $700,000 in the debts owed by the previous owners. Tenants say that with the new owners, they want some changes enacted such as nicer bathrooms, kitchens and the reintroduction of the tenant patrol.

Financing for the section 8 complex is expected to last about 30 years.

advertisement | advertise on News 12

Trending Video

1 Neighborhood Brief for April 30
A 3-year-old girl died after a car accident 2 3-year-old killed in crash on Bruckner Boulevard
More than 2,000 people took part in the 3 Thousands attend NYPD Cares 5K for kids with disabilities
More than 200 Brooklyn residents received a goody 4 Expecting moms attend massive baby shower in E. Flatbush
The victim, a man in his 20s, was 5 Man shot in head during Williamsburg drive-by shooting

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