Saturday, February 2, 2013

The Amalgamated Housing Cooperative in the Bronx celebrated its 85th Anniversary in 2012.  
But at meetings this week the cooperators heard from their manager and an architectural firm he and the Board hired that $100,000,000 worth of repairs over the next 10 years was mandatory. This report of the need for $100,000,000 of repairs coincides with a mortgage refinancing plan that will add $60 to $100 more to the monthly rent and a proposed rent increase to cover increased budget needs. Some of the cooperators wonder whether there may be something wrong happening. Here is one cooperator responding to the portrayal of Amalgamated as decrepit and in need of massive repairs:
Video by Rafael Martínez Alequín

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