
U.S. Payrolls Growth Misses Big Again
Bloomberg Businessweek
00:00
New York Housing Development Fund Corporation
In the 19 seventies, slum lords stopped making repairs to their buildings. The government eventually seized those buildings for unpaid taxes. But didn't want them to go back to the same landlords,. So they looked to h sma state law that allowed them to create a co operative designed to be low for low income people. It was te kind of historic transfer wealth and property in new york city. They have these income limits on them, but no asset limits. And that actually means there's kind of a perfect buyer out there, and the sort of person who would love to live in Manhattan.
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