NEW YORK CITY-The Bloomberg administration has came forward with a campaign to drive the bearers of the mortgage on a portfolio of 10 distressed apartment buildings in Bronx to be responsible for devolved conditions for tenants living in the building.
The city commissioner of Housing Preservation and Development, Rafael E. Cestero exercised subpoena powers to demand that LNR Partners, the special servicer who controls debt, provide documents as well as appear at a hearing in January. For the full story, go to Wall Street Journal.
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