A building from the Milbank portfolio, a troubled set of Bronx buildings bought at too steep a price that then saw severe maintenance problems.
When one apartment building owner becomes overwhelmed by mortgage payments, the buildings nearby are also likely to be suffering from lapses in maintenance and safety, a new report finds.
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.
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Support local, investigative journalism that has informed and empowered New Yorkers for 45 years.
