The preservation of affordable housing continues to be a major issue for the Coney Island community. Today's Daily News ran an article about tenant outrage over the loss of affordable housing in he Ocean Towers building:The preservation of affordable housing continues to be a major issue for the Coney Island community. Today's Daily News ran an article about tenant outrage over the loss of affordable housing in he Ocean Towers building:
A Coney Island building dedicated to affordable housing has been sold to the owner of the historic Woolworth Building, a move that tenants say has triggered massive rent hikes.
Ocean Towers, a 360-unit Mitchell-Lama building, was sold in February for $5.9 million to Cammeby's International, a group that acquired similar buildings in Manhattan and Queens only to raise rent before reselling the properties.
Wave of Anger Over Coney Island Owner [NY Daily News]
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