The federal 203(k) program is supposed to help nonprofits buy and rehab run-down properties, but in New York, profiteers have snatched up apartments at bargain prices and bilked the rehabbers out of the fed’s funds.
According to a new report by ACORN, predatory loans–which are overly expensive and designed to drive a borrower into default–are all too pervasive in low-income communities.
Ostensibly about a new contract for the executive director, the slow motion break-up of the city’s environmental justice coalition has deeper issues at its core.
City Limits uses investigative journalism through the prism of New York City to identify urban problems, examine their causes, explore solutions, and equip communities to take action.
Founded in 1976 in the midst of New York’s fiscal crisis, City Limits exists to inform democracy and equip citizens to create a more just city. The organization is a 501(c)(3) nonprofit funded by foundation support, ad sponsorship and donations from readers.
Support local, investigative journalism that has informed and empowered New Yorkers for 45 years.
Support local, investigative journalism that has informed and empowered New Yorkers for 45 years.
