Last week, no less than one Cabinet secretary, two Congressmen and two Senators vociferously and publicly chastized the $1.3 billion buy of Starrett City in eastern Brooklyn. Clipper Equity won the bidding in early February, prompting many to ask: How could the landlords ever turn a profit by keeping the apartment complex affordable?
Sen. Chuck Schumer was among those answering the question quickly last week, calling on the Department of Housing and Urban Development to nix the deal should Clipper not promise to keep the apartments cheap.
On Thursday, the Senator upped the ante:
– Tom Acitelli