HUD Launches Affordable Housing Campaign

Hundreds of homes in New York City targeted byunscrupulous lenders and not-for-profits will be rehabilitated by HUD and sold to reputable community-based, not-for-profits and moderate-incomehomebuyers.

1 minute read

January 18, 2001, 10:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

Hundreds of homes in New York City that have been targeted byunscrupulous lenders and not-for-profits will be rehabilitated by the U.S. Department of Housing andUrban Development and sold to reputable community-based, not-for-profits and moderate-incomehomebuyers under an agreement announced by HUD Secretary Andrew Cuomo.The agreement announced today is between HUD and a consortium of not-for-profit organizations inHarlem and Brooklyn that, with HUD financial assistance, will rehabilitate and then re-sell or rent theproperties at affordable prices.

Thanks to Abhijeet Chavan

FULL STORY: HUD No. 012

Wednesday, January 17, 2001 in HUD News

Housing New York

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