Wednesday 1 May 2019

A landlord tasked to fix up NYCHA buildings owes the city $150M

NYCHA’s privatization push includes a landlord who still owes the city $148 million of unpaid property taxes. The city’s public housing authority awarded a contract to the Kraus Organization early in 2018, according to WNYC. The company is now a part owner of Highbridge Rehabs near Yankee Stadium in the South Bronx. Six months after awarding Kraus this contract, NYCHA received a background check about the company’s debt and other issues, including a report from […]



source https://therealdeal.com/2019/05/01/a-landlord-tasked-to-fix-up-nycha-buildings-owes-the-city-150m/

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