De Blasio wants monitors to oversee 1,200 privately-owned co-ops

Mayor Bill de Blasio is rolling out a plan two years in the making to impose strict new regulations on some 1,200 privately owned co-ops, a move critics say is a brazen effort to give a bogus boost to his affordable-housing numbers. The co-ops are part of the city’s Housing Development Fund Corporation, which the city established in the 1980s to sell off derelict buildings in places like Harlem, Washington Heights and the Lower East … Continue reading De Blasio wants monitors to oversee 1,200 privately-owned co-ops