By Matthew Schuerman 7/09/07 9:58pm

H.U.D. Re-Rejects Starrett City Bid

The Feds today denied Clipper Equity’s bid for the Starrett City housing complex in Brooklyn for the second time, saying that the buyer would not be able to maintain the largest federally subsidized complex in the nation as affordable housing after paying $1.3 billion for it.

In a letter to Clipper’s lawyer, the Secretary Read More

By Staff 3/02/07 11:16am

Starrett City: HUD Steps In

U.S. HUD Secretary Alpohnso Jackson just announced at a press conference that he intends to stop the sale of Brooklyn’s Starrett City, one of the largest federally subsidized housing units in the country.

“We are concerned about the buyer’s financing,” he said.

More on the story here.

– Azi Paybarah