City will spend $14M to rehab affordable housing

City Council Speaker Christine Quinn announced Monday at City Hall that $14 million will go toward maintaining affordable housing.Quinn was flanked by Department of Housing

BROOKLYN - City Council Speaker Christine Quinn announced Monday at City Hall that $14 million will go toward maintaining affordable housing.

Quinn was flanked by Department of Housing Preservation and Development Commissioner Shaun Donovan, lawmakers and tenants on the steps of City Hall.

The $14 million comes out of HPD's 2008 capital budget. HPD will use the money to fix an estimated 500 units across the five boroughs.

Quinn said subsidized housing can go into foreclosure if landlords allow properties to fall into poor condition. According to officials, that would result in the city losing much-needed affordable housing.

advertisement | advertise on News 12

Trending Video

Animal rights activists continued to protest outside the 1 Protesters gather outside Ringling Bros. Circus
The We Are the Resistance fundraiser allowed artists 2 Fundraiser highlights works of female 'resistance' artists
The victims, both males, are 15 and 18 3 The Buzz: East 55th Street shooting
The Brooklyn Public Library in Flatbush hosted an 4 Flatbush library hosts Motown karaoke event
Shirley Annita Chisholm was the African-American Congresswoman from 5 Black History Month: Shirley Anita Chisholm

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