New York City wins $31m judgment over Bronx building conditions
Updated
Updated · Gothamist · May 6
New York City wins $31m judgment over Bronx building conditions
9 articles · Updated · Gothamist · May 6
The record housing penalty targets owners Karan Singh and Rajmattie Persaud at Robert Fulton Terrace and Fordham Towers, where about 500 families faced more than 1,000 violations.
An independent restructuring officer and new property manager will oversee repairs, funded partly by more than $900,000 frozen from the landlords' bank accounts.
The buildings are already in foreclosure, with Fannie Mae moving to take control, while the city says liens from the judgment will shape any sale to a tenant-backed buyer.
This case targeted two 'worst landlords,' but how will this victory impact thousands of other tenants facing similar neglect citywide?
After a record $31M penalty, what is the city's plan to save these affordable housing towers from future speculators?
Two buildings were saved, but a state report reveals a citywide crisis. Can officials fix the broken affordable housing program itself?