CITY HALL – City Council Speaker Christine C. Quinn today announced the formation of a new Predatory Equity Task Force, which will monitor problems resulting from the continued fallout of the housing bubble, and perform rapid response when these problems threaten the welfare of building tenants.
The Task Force will have two main goals. First, it will track buildings that are currently – or at risk of becoming – physically or financially distressed, and respond quickly to urgent problems.
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