Starrett City residents claim another victory

EAST NEW YORK - Tenants living in the Starrett City housing complex can rest easy Monday night.

The U.S. Department of Housing and Urban Development (HUD) rejected the final proposal by Clipper Equity to purchase the affordable housing complex. The developer had proposed plans to purchase the complex for $1.3 billion.

In a letter to Clipper Equity, the HUD said it did not think the company would be able to ensure affordable housing for the long run.

Starrett City is an affordable housing complex with 2,000 tenants. It is the largest federally subsidized housing complex in the U.S.

Many tenants are relieved their rents will not be increased.

Related Information:Opponents of Starrett City sale pack hearing Tenants gear up for round two against Starrett City purchase Starrett City residents claim victory after government blocks sale HUD strikes down Starrett City sale to developer

advertisement | advertise on News 12

Trending Video

At least six people have been arrested and 1 Six arrested, 4 more sought in Coney Island gang assault video
VIDEO: Interview with SUNY Old Westbury President Dr. 2 VIDEO: Interview with SUNY Old Westbury president
Candlelight vigil held Monday for the 2 Bellport 3 Vigil held for Bellport students murdered in Central Islip
VIDEO: Interview with former Suffolk County Executive Steve 4 VIDEO: Interview with former Suffolk County Executive Steve Levy
News 12 viewers took to Facebook to discuss 5 The Buzz: 8-year-old wanders out of charter school, found walking along train tracks

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