Here we go again. Crain’s reports that bids are once again streaming in for Starrett City, the ginormous federally subsidized East New York housing complex. One of the offers is being prepared by a community group including the Christian Cultural Center, the Central Labor Council, and the Metropolitan Council on Jewish Poverty that says it will keep the property affordable. A group of investors tried and failed to buy the 5,881-unit complex for $1.3 billion last year. Plenty more on this one surely to come.
Community Group to Bid for Starrett City [Crain's]
New Starrett City Action: Community Group Bids First [Curbed]
Photo by gkjarvis