Prospect Heights redevelopment

I went to the Brooklyn library the other day and came across an interesting book about Prospect Heights.
It said that during the 1980s, NYC began selling groups of abandoned buildings to encourage redevelopment in Prospect Heights. It went on to say that restoration began “in the area near Prospect Place” and moved East to Washington Ave.
If that’s true, does anyone know whether this program had a name? (Or were the conversions done sporadically on a more informal level…)
Curious to know whether there’s anything similar going on now in other NYC neighborhoods…

By mixeduse |