Judge Approves Sale of More Than 5,000 Rent-Stabilized Apartments in Pinnacle Portfolio
A troubled portfolio of 90 rent stabilized apartment buildings will be sold to a new private landlord, a bankruptcy court judge ruled Friday afternoon after lawyers for the Mamdani administration, the New York Attorney General, and organized tenants had intervened to try and stop it.
They've been pushing a judge to delay the sale of the Pinnacle Group's portfolio and give the city a chance to vet the buyer and put together a competing offer. Officials questioned the ability of the new owner, Summit Properties, to resolve thousands of outstanding housing code violations across the buildings.
“What was so powerful about the rent freeze campaign is that we reached scale in New York City,” said Sumathy Kumar, the new director for Housing Justice for All and its organizing arm, the New York State Tenant Bloc. “We’re going to build off of that to keep tenant power at the top of people’s minds.”
What You Need to Know: NYC’s Free Child Care Pilot for Kids Under 2
Last week, New York City launched the Birth-to-2 initiative, offering free child care for children ages 2 and under, regardless of their parents’ income or immigration status, at 15 sites in “neighborhoods with the greatest need.” Here’s how to apply.
In her annual State of the State address, the governor said she wants to raise the income threshold for two programs that freeze rents for seniors and people with disabilities. She also promised to finally upgrade New York’s EBT cards with security chips—an effort to tackle “skimming” that’s stolen millions in benefits from SNAP participants.
Opinion: Why Mamdani’s New ‘Office of Mass Engagement’ Matters
“By centering broader, more accessible forms of participation and tying engagement to real outcomes, the city has an opportunity to align civic conversation with civic reality.”
Noticias, reportajes, investigaciones, y recursos para las comunidad hispanohablante.
‘La necesidad es enorme’: Nuevo líder de Catholic Charities habla sobre hambre y vivienda en Nueva York
J. Antonio Fernández es el primer miembro no clerical en dirigir Catholic Charities of the Archdiocese of New York, una red de agencias de servicios sociales y proveedor de viviendas asequibles. ¿Cuál es la mayor necesidad que observa entre las personas a las que atienden? “La inseguridad alimentaria y de vivienda, sin lugar a dudas”, dijo.
