Action to Preserve Affordable Housing

There are some positive developments on the preservation of affordable housing in the city:

1. City Comptroller Bill Thompson and the PIE Campaign* will hold a press conference

====> SAVE THE DATE! THURSDAY, FEB. 28 at NOON (place to be announced) <=====

on no longer investing the city's pension fund in predatory deals. We expect he will announce that when major private equity groups (in which the pension funds are invested) choose to buy affordable buildings at prices that cannot be supported by the tenants' actual rents, the City will exercise its privilege of opting out of those deals.

This is a terrific step. It means that city workers' pensions will not be used to oust city workers (and others) from their homes.

2. The City Council's Housing & Buildings committee, chaired by Erik Martin Dilan is meeting this coming
=> Wednesday, February 27, 10:00 AM
=> Committee Room - City Hall

to talk about Proposed Int 627-A - A Local Law to amend the administrative code of the City of New York in relation to the duty of an owner to refrain from harassment of tenants and remedies for the breach of such duty.

Thanks to Sue Susman for sharing this