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New NYC budget could help affordable housing groups buy notorious apartment buildings

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A banner hanging on the fire escape at 440 West 45th Street warns “Buyer Beware: Organized Tenants Live Here. No Speculators.”

A banner hanging on the fire escape at 440 West 45th Street warns “Buyer Beware: Organized Tenants Live Here. No Speculators.”

The new budget includes $15 million to help affordable housing groups acquire apartment buildings – far less than the $250 million several councilmembers had demanded. [ more › ]


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