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

THE BRONX - 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

A 21-year-old was critically injured after crashing his 1 21-year-old critically injured in crash on Bronx River Parkway
A violent brawl captured on video Thursday night 2 City Island restaurant brawl captured on video
Students at Riverdale Country School are getting the 3 Students at Riverdale Country showcase their art
Manna of Life Ministries operates out of the 4 Volunteers spend their weekends at Morrisania food pantry
Two brothers died after their car drifted off 5 The Buzz: Brothers die in Bronx crash

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