Public Hearing on Webster Avenue Rezoning
Thousands Take Biking Tour of the Boogie Down
Hope for Milbank Tenants
Last spring, a portfolio of buildings in the northwest Bronx caught the attention of housing advocates due to an onslaught of complaints from tenants who described horrendous living conditions.
The properties were owned by Milbank Real Estate, a private equity firm based in Los Angeles that purchased the buildings during the boom times with a risky $35 million mortgage. In 2009, Milbank defaulted on the loan, sending the properties into foreclosure proceedings. The buildings are now in the hands of a servicer, LNR Property Corp., which has been looking to sell them to a new owner.
Since foreclosure began, Milbank tenants have seen conditions in their homes deteriorate. The 10 properties have over 3,000 housing violations among them-rodents, mold infestations, leaking ceilings and rotting floors are the norm. For months, at protest rallies, prayer vigils and in the courts, these tenants, with the support of the Northwest Bronx Community and Clergy Coalition, have pleaded for help to make their homes livable again.
But there’s some good news.
The properties were owned by Milbank Real Estate, a private equity firm based in Los Angeles that purchased the buildings during the boom times with a risky $35 million mortgage. In 2009, Milbank defaulted on the loan, sending the properties into foreclosure proceedings. The buildings are now in the hands of a servicer, LNR Property Corp., which has been looking to sell them to a new owner.
Since foreclosure began, Milbank tenants have seen conditions in their homes deteriorate. The 10 properties have over 3,000 housing violations among them-rodents, mold infestations, leaking ceilings and rotting floors are the norm. For months, at protest rallies, prayer vigils and in the courts, these tenants, with the support of the Northwest Bronx Community and Clergy Coalition, have pleaded for help to make their homes livable again.
But there’s some good news.
A Bike Tour Tribute to Megan Charlop
To Ban or Not to Ban? City Looks to Stop Soda Drinking
Bronx Foodie: Supermarket Finds and Cooking Tips
The Food Education Project at Montefiore Medical Center held its second workshop-type session two weeks ago. It focused on choosing healthy products at the supermarket. Guest speaker and seasoned chef, Allison Fishman (pictured), author of "Cook Yourself Thin" and former co-host of TLC’s "Home Made Simple," led the hour-long session on buying healthy and tasty foods.
