Posted inBedford Stuyvesant

City Puts On Hold Controversial Home Seizure Program ‘Until Further Analysis’

After months of embattled meetings, packed town halls and ongoing complaints by residents to elected officials, Third Party Transfer Program (TPT)— a citywide program that sells off “distressed properties” in foreclosure and turns them into affordable housing– may be getting a much-needed update. New York City’s Department of Housing, Preservation and Development (HPD) that runs […]