HUD To Foreclose On 8 Syracuse Buildings; Tenants Get The Boot
According to media reports out of Syracuse, New York, the U.S. Department of Housing and Urban Development ("HUD") "[i]s foreclosing on eight Syracuse apartment buildings because of their poor condition, which means more than 250 low-income tenants are scrambling for a place to live."
Reportedly, a senior vice president for the current owner says a deal to sell all 8 buildings to another company should close within a matter of days. The new company, he says, plans to fix up the buildings for continued use by the Federal section 8 rent subsidy program. But for now, tenants must move. For more, see:
Reportedly, a senior vice president for the current owner says a deal to sell all 8 buildings to another company should close within a matter of days. The new company, he says, plans to fix up the buildings for continued use by the Federal section 8 rent subsidy program. But for now, tenants must move. For more, see:
- Eight Buildings Under Foreclosure; Tenants Forced To Move (WSYR-TV Channel 9, Syracuse),
- HUD will foreclose on 8 bad buildings (Move will affect more than 250 tenants in Syracuse) (The Post Standard).
posted by Home Equity Theft Reporter at 8:09 AM
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